The SWOT analysis is a process of ______ an organization’s available resources in order to make the most of strengths and opportunities while ______ danger to the organization from its weaknesses and threats.
A. balancing; minimizing
B. balancing; eliminating
C. identifying; clarifying
D. practicing; replicating
A. balancing; minimizing
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In a regression analysis, the coefficient of determination is .4225. The coefficient of correlation in this situation is
A. -.65 ifb1is negative. B. .1785. C. .18 ifb1 is positive. D. .4225.
When thinking about attitudes, it is important to remember that
a. only you control what you think. b. attitudes can and do change over time. c. your attitude affects others. d. all of these choices.
The awareness that business activities have an impact on society, and a consideration of that impact in decision making is the cornerstone of _________________________.
Fill in the blank(s) with the appropriate word(s).
Use the accompanying solution sheet to reply to the eight situations below that relate to the audit of financial statements of nonpublic companies. Unless indicated otherwise, assume that material amounts are involved. Do not consider including an emphasis-of-matter paragraph in an "auditor discretionary" circumstance.Situations:1. A company has departed from GAAP. 2. A company's inventory records were deficient and the auditor was required to satisfy herself that the inventory was properly stated using alternative procedures. She is satisfied that she has sufficient appropriate evidence. 3. In auditing a client, an auditor has determined that substantial doubt exists about an entity's ability to continue as a going concern. 4. A group auditor decides not to take responsibility for the
work of the component auditor who audited a 70% owned subsidiary and issued an unmodified opinion. The total assets and revenues of the subsidiary are 5% and 8%, respectively, of the total assets and revenues of the entity being audited. 5. A company changes from FIFO to LIFO for inventory valuation and the auditor concurs with the change. The change has a material effect on the comparability of the entity's financial statements this year, but is expected to have an immaterial effect in the future. 6. Inadequate record retention policies by the client have resulted in a situation in which a CPA is unable to obtain sufficient appropriate audit evidence with respect to a material account. 7. A CPA has decided to emphasize in the audit report that the company she audited is a component of XYZ Company, its parent. 8. A client has changed its estimate of likely doubtful accounts from 2% of credit sales to 3%. The auditor believes the change to be reasonable. Reply as to the type of opinion and other modification to the audit report as follows: A.AdverseD.DisclaimerQ.QualifiedU.UnmodifiedOther ModificationEOMAdd an emphasis-of-matter paragraph.OMAdd an other-matter paragraph.BFMAdd a basis for modification paragraph.OTHERMake modifications other than adding an additional paragraph.NONEMake no modifications. If more than one type of opinion is appropriate list each-one with "Report 1" and one with "Report 2." If only "Report 1" is appropriate, place an X in the "Report 2" Opinion Type cell, which indicates no second type of report is appropriate.Situation?Opinion TypeOther Modification1Report 1???Report 2??2Report 1???Report 2??3Report 1???Report 2??4Report 1???Report 2??5Report 1???Report 2??6Report 1???Report 2??7Report 1???Report 2??8Report 1???Report 2?? What will be an ideal response?