We can lead ourselves to the most desired accomplishments by:
a. focusing on thinking patterns (mental)
b. focusing on physical action (behavior)
c. combining both the mental and physical level of influence
d. not focusing on either of these
Ans: C
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All of the following are disadvantages of the test data technique except
a. the test data technique requires extensive computer expertise on the part of the auditor b. the auditor cannot be sure that the application being tested is a copy of the current application used by computer services personnel c. the auditor cannot be sure that the application being tested is the same application used throughout the entire year d. preparation of the test data is time-consuming
The appropriate section in the statement of cash flows for reporting the purchase of equipment for cash is:
A. Operating activities. B. Schedule of noncash investing or financing activity. C. Investing activities. D. This is not reported on the statement of cash flows. E. Financing activities.
A contract into which parties enter but in which one or both of the parties can choose not to perform their contractual obligations is said to involve ________ promises.
A. option B. executory C. illusory D. implied-in-fact
Forecasts used for new product planning, capital expenditures, facility location or expansion, and R&D typically utilize a:
A) short-range time horizon. B) medium-range time horizon. C) long-range time horizon. D) naive method, because there is no data history. E) trend extrapolation.