Which type of warranty is a written guarantee?
A. complete
B. express
C. implied
D. explicit
E. primary
Answer: B
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The cash flow adequacy ratio is defined as:
a. True b. False Indicate whether the statement is true or false
_____, the time during which ISs or data are not available in the course of conducting business, has become a dreaded situation for almost every business worldwide.
Fill in the blank(s) with the appropriate word(s).
What specific internal control procedure would prevent an increase in sales returns since salesmen were placed on commission?
A machine is used in a production process. From past data, it is known that 97% of the time the machine is set up correctly. Furthermore, it is known that if the machine is set up correctly, it produces 95% acceptable (non-defective) items. However, when it is set up incorrectly, it produces only 40% acceptable items. a.An item from the production line is selected. What is the probability that the selected item is non-defective?b.Given that the selected item is non-defective, what is the probability that the machine is set up correctly?
What will be an ideal response?