Without authorization, Lars contracts on behalf of Mina to have Nemo paint Mina’s Boutique. If Mina decides to ratify the contract, she must affirm

A. all of the contract.
B. any part of the contract, with Lars liable to Nemo for the difference.
C. any part of the contract before performance begins.
D. any part of the contract at any time.


Answer: A

Business

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In evaluating internal control, the auditor is basically concerned that the system provides reasonable assurance that:

A. management cannot override the system. B. material misstatements have been prevented, or detected and corrected. C. controls have not been circumvented by collusion. D. operational efficiency has been achieved in accordance with management plans.

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Direct materials for 8,000 units were added at the beginning of the second process during October. During the month, 8,300 units were completed and transferred to the third process. On October 1, there were 600 units in beginning inventory, and on October 31, there were 300 units still remaining in the process. Compute the equivalent units for direct materials for the second process for October

using the FIFO costing method. A) 8,600 B) 8,000 C) 8,300 D) 8,900

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Based on the sample in your text, which of the following is LEAST likely to be included in an implementation schedule?

A) start date B) budget C) target market strategy D) manager E) end date

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Doublespeak is a term that refers to a message that deliberately misleads, hides, or evades the truth

Indicate whether the statement is true or false

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