At equilibrium,
A) state probabilities for the next period equal the state probabilities for this period.
B) the state probabilities are all equal to each other.
C) the matrix of transition probabilities is symmetrical.
D) the vector of state probabilities is symmetrical.
E) the fundamental matrix is the same as the matrix of transition probabilities.
A
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Types of Audit Opinions A CPA has completed an audit of the financial statements of a long-haul trucking company for the year ended December 31, 2014 . Prior to 2014, the company depreciated its trucks over 10 years. However, during 2014, the company
determined that a more realistic estimated life for its trucks was 8 years and computed the 2014 depreciation on the basis of the revised estimate. The CPA is satisfied that the 8 year estimate is reasonable, but the change will have a material effect on the comparability of the company's financial statements. The company adequately disclosed the change in estimated useful lives of its trucks and the effect of the change on 2014 income in a note to the financial statements. REQUIRED: Which type of audit report would you suggest be issued on the 2014 financial statements and why?
Which of the following is not considered a part of external assurance over sustainability reporting, as stated by the Global Reporting Initiative (GRI) Reporting Framework?
a. External assurance engagements should be conducted by those with competence in the subject matter and assurance practices b. External assurance engagements should assess whether the sustainability report is reasonable, balanced, and appropriately inclusive. c. External assurance engagements should assess the extent to which the report preparer has applied the GRI Reporting Framework in reaching its conclusions. d. External assurance engagements can be issued by the CFO of the company issuing the sustainability report.
According to the World Bank, firms from Australia, Denmark, Finland, and Japan engage in the most corrupt business practices
Indicate whether the statement is true or false
Which of the following statements is not true of knowledge workers?
A. They are common in organizations that value intangible assets B. They generally have limited employment opportunities in other companies because their knowledge and expertise tends to be firm specific C. They share knowledge and collaborate with others D. They typically do not perform manual labor