What are the possible values for a dummy variable?

a. 1 or 2

b. -1 or 1

c. 0 or 1

d. It depends on the data collected.


c

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In testing the payroll of a large company, the auditor wants to establish that the individuals included in a sample actually were employees of the company during the period under review. What will be the best source to determine this?

A. Telephone contacts with the employees. B. Tracing from the payroll register to the employee's earnings records. C. Examination of Human Resource Department records. D. Confirmation with the union or other independent organization.

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Which kind of power tends to be least important on its own?

a. Positional power b. Network power c. Knowledge power d. Personality power

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________ shareholders are shareholders who propose a slate of directors to replace the incumbent directors

A) Exultant B) Internal C) Insurgent D) External

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Tune Tones Instrument Tuning Company owes Mandy Lynn's Music Studio $6,854 as of November 1. During November, Tune Tones purchased merchandise from Mandy Lynn totaling $9,548 and made payments on account to Mandy Lynn in the amount of $7,250. The amount Tune Tones owes Mandy Lynn on November 30 is:

A. $9,548. B. $4,556. C. $6,854. D. $9,152.

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