In operational auditing, the preliminary survey serves as a guide for the development of the audit program.

Answer the following statement true (T) or false (F)


True

Business

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Which guideline for deciding on the number of MDS dimensions suggests it is easier to work with two-dimensional maps or configurations than with those involving more dimensions?

A) a priori knowledge B) interpretability of the spatial map C) ease of use D) elbow criterion

Business

Liabilities are owners' claims on assets.

Answer the following statement true (T) or false (F)

Business

At December 31, Year 1, Bolton Corporation has par value common stock with a par value of $1.50 per share, Additional paid-in capital of $60,000, total shareholders' equity of $100,000, and retained earnings of $25,000 . What is the number of common stock shares?

a. 5,000 b. 10,000 c. 15,000 d. 20,000 e. 25,000

Business

What is done through the Vivid Vision exercise?

a. The entrepreneur tries to imagine what the business will look like 3 years into the future. b. The entrepreneur assesses what the business looks like in the present. c. The entrepreneur envisions how he or she is going to build the business and the steps needed to take to get there. d. The entrepreneur tries to imagine what the business will look like in 10 years.

Business