With a CATS system, interviews are conducted entirely by computers

Indicate whether the statement is true or false


TRUE

Business

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Which of the following does an auditor consider when gaining an overall understanding of the client's internal controls?

a. Entity-wide controls at the account level only. b. Transaction controls at the account level only. c. Entity-wide controls at the assertion level only. d. Both entity-wide controls and transaction controls at the account and assertion levels.

Business

Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data, compute the direct materials variance. Direct materials purchased and used 99,000 pounds Price paid for direct materials $4.00 per pound Number of good units produced 9,000 units

a. $45,000 (F) b. $45,000 (U) c. $54,000 (F) d. $99,000 (F)

Business

Respond to the following: a. What is the decision usefulness approach to accounting theory? b. What are the characteristics and limitations of the decision-model approach? c. What are the characteristics of the decision-maker approach?

What will be an ideal response?

Business

Natural capitalism includes all of the following strategies, except:

A. Changing manufacturing practices to reduce energy consumption by 30%. B. Creating a new material based on the strength-to-weight ratio of a spider web. C. Reorganizing a supply chain based on the principles of ecology. D. Preserving an acre of pristine wetlands for every acre a business occupies. E. All of the above are examples of strategy inspired by natural capitalism.

Business