What is the time period of a loan for $7,500, at 6% exact interest, if the amount of interest is $98.63? (Round fraction to next higher day)
What will be an ideal response?
80 days
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With a ______ structure, the organization has a central core of key functions and outsources others to vendors who can do them cheaper or faster.
A. hollow B. matrix C. spine D. hybrid E. mechanistic
As a result of tests of controls, an auditor incorrectly assessed control risk too low and decreased substantive testing. This assessment occurred because the true deviation rate in the population was:
A. less than the risk of assessing control risk too low based on the auditor's sample. B. less than the deviation rate in the auditor's sample. C. more than the deviation rate in the auditor's sample. D. more than the risk of assessing control risk too low based on the auditor's sample.
The underlying criteria of a best-cost provider strategy usually is found in the ability of a company to
A. create attributes that appeal specifically to niche members. B. lower overall costs more than rivals in serving niche members. C. offer better goods at attractive prices. D. offer the best product at the industry's lowest possible price. E. offer buyers something attractively different from competitors' offerings.
To assist in detecting illegal bribes, Cut Rite Contractors, Inc., and all U.S. companies, must
A. conceal financial records that reveal past bribes. B. keep records that "accurately and fairly" reflect financial activities. C. make bribes through third parties rather than directly to officials. D. permit payments to foreign officials that are unlawful in that country.