How do prescriptive models benefit from Big Data?
a. They are based on aggregated inputs, and their validity improves with high-volume data.
b. They often require iterative approaches to find optimal solutions.
c. Both a and b
d. None of the above
A
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Which of the following situations represents a risk factor that relates to misstatements arising from misappropriation of assets?
a. A high turnover of senior management. b. A lack of independent checks. c. A strained relationship between management and the predecessor auditor. d. An inability to generate cash flow from operations.
An adjusting entry can include a debit to a(n)
a. asset and a credit to a liability. b. liability and a credit to a revenue. c. revenue and a credit to an asset. d. expense and a credit to a revenue.
The final step in the AIDA plan is a call for attention
Indicate whether the statement is true or false.
What do you use to persuade receivers of the truth of your proposition of fact?
a. Evidence b. Emotion c. Charisma d. Deception