Probability of paradigm shift increases as technology approaches its natural limit
Ans: Technology's-curve
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A properly planned and performed audit may fail to detect a material misstatement resulting from fraud because:
A. audit procedures that are otherwise effective may be ineffective for fraud that is concealed through collusion. B. an audit is planned and performed to provide reasonable assurance of detecting material misstatements caused by errors but not by fraud. C. the auditor did not consider factors influencing audit risk for account balances that have effects pervasive to the financial statements taken as a whole. D. the factors considered in assessing control risk indicated an increased risk of error but only a low risk of fraud in the financial statements.
For segmented pricing to be an effective strategy, prices should reflect real differences in customers' perceived value
Indicate whether the statement is true or false
Bright Co holds Park Co's $40,000, 120 day, 9% note. The entry made by Bright Co when the note is collected, assuming no interest has previously been accrued is:
A) Cash 40,000Notes Receivable 40,000 B) Accounts Receivable 41,200Notes Receivable 40,000Interest Revenue 1,200 C) Cash 41,200Notes Receivable 40,000Interest Revenue 1,200 D) Accounts Receivable 41,200Notes Revenue 40,000Interest Revenue 1,200
If we are given a periodic interest rate, say a monthly rate, we can find the nominal annual rate by multiplying the periodic rate by the number of periods per year.
Answer the following statement true (T) or false (F)