Which auditing standards apply to private companies?
a. The AICPA Standards.
b. The IASSB Standards.
c. The Standards of the PCAOB.
d. All of the above.
a
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What is the main disadvantage of having a longer run for the test market?
A) It costs more and gives competitors time to formulate a counterattack. B) It is difficult to gather information about customer attitudes as their responses to surveys may not be honest. C) Customers might lose interest in the product. D) The sales data gathered will not be useful for predicting actual sales.
ITIL defines ____ as the effect an incident is having on business processes.
A. priority B. urgency C. severity D. impact
Which of the following is an objective of internal control?
A) to encourage employees to follow company policies B) to ensure timely payment of accounts payable C) to ensure timely collection of accounts receivable D) to guarantee that a business makes a profit
An executive agreement based on authority granted by Congress to the President is:
a. a congressional-executive agreement. b. an executory agreement. c. a sole-executive agreement. d. None of the above