Of the following, which is the least reliable type of audit evidence?
A. Computations made by the auditor.
B. Asking the controller about an end of period adjustment.
C. Documents mailed by outsiders to the auditor.
D. Correspondence between the auditor and third party vendors.
Answer: B
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(1) social astuteness, (2) interpersonal influence, (3) networking ability, and (4) apparent sincerity are dimensions of
a. the Political Skill Inventory (PSI) b. the Ingratiation Inventory (IV) c. the Power Inventory (PI) d. the Impression Management Inventory (IPV)
Which of the following statements concerning warrants is CORRECT?
A. Bonds with warrants and convertible bonds both have option features that their holders can exercise if the underlying stock's price increases. However, if the option is exercised, the issuing company's debt declines if warrants are used but remains the same if convertibles are used. B. Warrants are long-term put options that have value because holders can sell the firm's common stock at the exercise price regardless of how low the market price drops. C. Warrants are long-term call options that have value because holders can buy the firm's common stock at the exercise price regardless of how high the stock's price has risen. D. A firm's investors would generally prefer to see it issue bonds with warrants than straight bonds because the warrants dilute the value of new shareholders, and that value is transferred to existing shareholders. E. A drawback to using warrants is that if the firm is very successful, investors will be less likely to exercise the warrants, and this will deprive the firm of receiving any new capital.
In changing organizations, understanding level differences is important because ______.
A. it helps us determine how to deal with resistance B. it is inherent in our plan for change C. it determines our focus as to the individual, group, or system as a whole D. all of these
Elaborate on "classes as building blocks of structural modeling and objects as units of information systems."
What will be an ideal response?