List two ways an auditor can test the existence and completeness of insurance policies.
What will be an ideal response?
1. Send a confirmation to the entity's insurance brokers, requesting information on each policy's number, coverage, expiration date, and premiums.
2. Examine the underlying documentation such as the insurance bills and policies.
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Considering the fact that the "message" is at the heart of advertising, discuss how creative strategy and different types of appeals can be created in global advertising
What will be an ideal response?
Psychographics divide the total market in a geographic area into segments based on activities, interests, values, opinions, personality characteristics and attitudes using statistical procedures
Indicate whether the statement is true or false
In a contract involving a minor, whether an item can be considered "necessary":
A. depends on the minor's station in life. B. doesn't depend on the minor's age. C. doesn't depend on personal circumstances. D. depends on what the adult signed for.
A vertical integration strategy can expand the firm's range of activities
A. to complement the industry's horizontal value chain line of profitability. B. to establish full integration by participating in a tapered integration (without the outsourced and in-house activities). C. backward into other industry business lines and/or forward to suppliers of raw materials. D. to enable the supply chain the opportunity for expansion. E. backward into sources of supply and/or forward toward end users.