Which of the following statements is true of globalization?
A. It does not allow employees to provide services although most economies have become very efficient at producing physical goods.
B. It encourages the maintenance of the status quo.
C. It occurs through cross-border partnerships.
D. It does not create threats to anybody.
E. It fails to involve smaller firms.
Answer: C
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Which of the following is an example of a tying agreement?
A. When purchasing a couch, the buyer is given free throw pillows. B. As part of purchasing a new computer, a buyer must also purchase a new monitor. C. When purchasing a new digital music player, a buyer is given the option of buying songs. D. When purchasing a used car, a buyer is offered a discount on new tires.
Turner Corporation is holding a meeting of its shareholders to elect directors to its board. The corporation permits shareholders to cumulate their votes. A group of shareholders are looking to elect a director who would represent their concerns on the board. If 400 shares are being voted and four directors are to be elected, how many shares does the group need to elect its preferred candidate as director?
A. 100 B. 81 C. 80 D. 101
Directional testing Explain the meaning of "directional testing" and identify the reasons why directional testing leads to audit efficiency. Give examples of directional testing for the existence and completeness assertions
A machine is used in a production process. From past data, it is known that 97% of the time the machine is set up correctly. Furthermore, it is known that if the machine is set up correctly, it produces 95% acceptable (non-defective) items. However, when it is set up incorrectly, it produces only 40% acceptable items. a.An item from the production line is selected. What is the probability that the selected item is non-defective?b.Given that the selected item is non-defective, what is the probability that the machine is set up correctly?
What will be an ideal response?