To learn more about a company and its inherent risks, auditors can use which of the following resources?
a. Management inquiries.
b. Economic statistics.
c. Online searches.
d. Any of the above could be used.
d
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Which of the following statements is true regarding cross subsidies?
A) They occur when factory workers are trained to work on many different machines. B) They occur when high-volume products are assigned more than their fair share of overhead costs. C) They occur when high-volume products have more direct material and direct labor costs than overhead costs. D) They occur when more than one cost driver can be determined for a particular overhead cost item.
Consider the curve 7x2 - 14x + 28. What is the slope at x = 5?
What will be an ideal response?
Nimble Numbers Accounting Corporation, a private employer, handles bookkeeping for small employers. In most circumstances, with exceptions, federal law clearly prohibits Nimble from subjecting its employees to
a. job-skills tests. b. monitoring of business communications. c. drug tests. d. lie-detector tests.
According to the five forces model, which of the following is viewed as a major risk to a business pursuing a cost-leadership strategy?
A. innovation that allows competitors to emerge with more economical replacements B. new entrants with small production scale C. suppliers requesting a 2% price increase across the industry D. competition switching from non-price attributes to pricing