A decision to sell toys that pass minimum safety standards but can often result in minor accidents to children is an example of a(n) _____ and _____ decision.
a. illegal; ethical
b. legal; unethical
c. illegal; unethical
d. legal; ethical
ANSWER: b
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Which phase of the audit opinion formulation process is most commonly thought of as auditing by the general public?
a. Performing risk assessment. b. Obtaining evidence about internal controls. c. Obtaining substantive evidence about accounts. d. Making reporting decisions..
Angelo's is a locally run and operated pizza parlor. Last month, the restaurant broke-even when 400 pizzas were served. The average variable costs per pizza are $2.50 and fixed costs for the month totaled $6,000. What is the average selling price of a pizza?
A) $15.00 B) $12.50 C) $17.50 D) $6.00
In the case of a life insurance policy on the insured's own life, it is not necessary for the named
beneficiary to have an insurable interest in the insured. Indicate whether the statement is true or false
In organizations where projects are managed within a functional organization, the team member's area manager, not the project manager, is responsible for assessing performance.
Answer the following statement true (T) or false (F)