If control deficiencies related to long-lived assets are identified, the auditor will automatically assess those deficiencies as significant deficiencies
a. True
b. False
Indicate whether the statement is true or false
False
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An offer may invite an acceptance to be worded in specific terms but that cannot make the contract definite
Indicate whether the statement is true or false
Governmental funds may not record liabilities or accrue expenditures when payable.
Answer the following statement true (T) or false (F)
Dale, age 65, was dismayed to learn about all of the deductibles, co-pays, limits, and exclusions in the Medicare program
Dale bought a type of health insurance specifically designed to supplement Medicare, and selected his coverage from among 10 standard policies that private insurers offer. What type of health insurance did Dale purchase? A) long-term care insurance B) Medigap insurance C) major medical insurance D) viatical insurance
Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms?
A. Incumbent firms do not have the advantages of network effects that new entrants have. B. Unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. C. New entrants are embedded in an innovation ecosystem, while incumbent firms are not. D. Unlike incumbent firms, new entrants do not have formal organizational structures and processes.