A nonparty to a contract may enforce the contract if the person is:
a. a donee beneficiary.
b. an incidental beneficiary.
c. a creditor beneficiary.
d. Both a and c.
d
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The ability of a corporation to obtain capital is
a. less than the ability of a partnership b. about the same as the ability of a partnership c. restricted because of the limited life of the corporation d. enhanced because of limited liability and ease of share transferability
In obtaining an understanding of a manufacturing entity's internal control concerning inventory balances, an auditor most likely would:
A. perform test counts of inventory during the entity's physical count. B. review the entity's description of inventory policies and procedures. C. analyze monthly production reports to identify variances and unusual transactions. D. analyze inventory turnover statistics to identify slow-moving and obsolete items.
________ is an interview conducted by a trained moderator among a small group of respondents in an unstructured and natural manner
A) An experiment B) A focus group C) A quantitative survey D) A depth interview E) A moderator group
COBIT (Control Objectives for Information and related Technology) is a generally accepted framework for IT governance in the U.S.
Answer the following statement true (T) or false (F)