____ is a necessary and extremely important by-product of capitalism.
A. Monopoly
B. Socialism
C. Communism
D. Competition
E. Poverty
Answer: D
Business
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Which of the following elements ultimately determines the amount of audit work that is necessary in the circumstances to afford a reasonable basis for an opinion?
A. Materiality. B. Auditor judgment. C. Relative risk. D. Reasonable assurance.
Business
There are many advantages of budgeting. List four of these advantages
Business
A fee simple owner of land cannot legally dispose of the land by his or her will
Indicate whether the statement is true or false
Business
The minimum number of board members necessary to be present at a meeting in order to transact business is known as:
a. a plurality. b. the entire board of directors. c. a quorum. d. a minority.
Business