A(n) ________ is a rule of conduct or action prescribed by an authority, or a binding custom or practice of a community

A) ethic
B) license
C) law
D) contract
E) venture


C

Business

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The relevance of audit evidence or specific audit procedures depends on the assertion being tested.

Answer the following statement true (T) or false (F)

Business

Which of the following is considered to be an exchange rate risk?

A. devaluation B. loss of market share C. failure of supplier to deliver D. obsolescence

Business

Benefits of knowledge management include

A) reducing cost and risk. B) improved decision making. C) reduced cost of employee training. D) all of the above.

Business

A check is a special type of draft that is drawn on a bank, ordering the bank to pay a fixed amount of money on demand

Indicate whether the statement is true or false

Business