A company's history of exactly meeting analyst estimates is a factor which could lead auditors to assess inherent risk at a higher level
a. True
b. False
Indicate whether the statement is true or false
True
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The irrational escalation of commitment is a cognitive bias that refers to
A. the perspective or point of view that people use when they gather information and solve problems. B. the standard against which subsequent adjustments are measured during negotiation. C. how easily information can be recalled and used to inform or evaluate a process of a decision. D. a negotiator's commitment to a course of action, even when that commitment constitutes irrational behavior on his/her part.
Which of the following is a benefit of the backchannel?
A) Information can be verified immediately by the audience. B) Listeners can spread the message to a much larger audience, immediately. C) Audience members have more leverage. D) Backchannels can keep presentations from spinning out of control. E) There is more control over the feedback during and after the presentation.
A company receives a 10%, 120-day note for $1,500. The total interest due on the maturity date is: (Use 360 days a year.)
A. $87.50. B. $75.00. C. $50.00. D. $150.00. E. $37.50.
What should a company do to improve its accounts receivable turnover ratio?
A) Lower its selling prices. B) Increase its sales force. C) Give customers credit terms of 2/10, n/30 rather than 1/10, n/30. D) Reduce the number of employees working in the credit department.