Which of the following is depicted when the auditor simply considers his or her own incentives, such as audit fees, sampling costs, and penalties?
a. Higher-order reasoning
b. Zero-order reasoning
c. First-order reasoning
d. Deductive reasoning
b
FEEDBACK: a. Incorrect.
b. Correct.
c. Incorrect.
d. Incorrect.
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All of the following are required for information to be considered a trade secret except:
A. it must have commercial value to its owner. B. the owner must have taken steps to protect it. C. it must be unique. D. it must be something that others do not know.
________ can include audio, videos, images, animations, and hyperlinks
A) Overhead transparencies B) Multimedia slides C) Flipcharts D) Handouts
Which of the following statements is FALSE?
A) a contract for the sale of a house must be in writing to be valid B) most contracts must be in writing to be valid C) a mortgage on a condominium must be in writing to be valid D) it is always a good idea to put a contract in writing even it is not a legal requirement E) on-line contracts are legally valid contracts
Which of the following would most likely not be expensed using the straight-line method?
A. A timber reserve B. A patent C. A building D. A copyright