Options:
A) It should suggest something about the product’s benefits and qualities.
B) It should be easy to pronounce, recognize, and remember.
C) The brand should almost always be a long word to get attention.
D) The name should translate easily into foreign languages.
E) It should be distinctive.
C) The brand should almost always be a long word to get attention.
Options:
| a. U.S. oil companies and workers deserved higher incomes b. U.S. oil was of superior quality and merited higher prices c. one should not be too dependent on foreign suppliers of crucial resources d. the U.S. government needed the quota revenue to balance its budget |
c. one should not be too dependent on foreign suppliers of crucial resources
Options:
| a. Koreans are selling DVDs in the U.S. below their production cost b. Koreans are selling DVDs in the U.S. above their production cost c. the cost of manufacturing DVDs in Korea is lower in Korea than in the U.S. since wages are lower in Korea d. the cost of manufacturing DVDs in Korea is higher in Korea than in the U.S. since wages are higher in Korea |
a. Koreans are selling DVDs in the U.S. below their production cost
Options:
| a. nominal tariff rate on the final product equals the effective tariff rate on the product b. nominal tariff rate on the final product is greater than the effective tariff rate on the product c. nominal tariff rate on the final product is less than the effective tariff rate on the final product d. none of the above |
a. nominal tariff rate on the final product equals the effective tariff rate on the product
Options:
| a. cause foreign assemblers of computers to use more computer components that are supplied by countries other than the United States b. increase the price of computers to consumers in the United States c. Increase the production of computers in the United States d. increase the production of computer components in the United States |
d. increase the production of computer components in the United States
Options:
| a. the prices of traded goods to be lower than when there are no transportation costs b. specialization to stop when the production costs of the trading partners equalize c. the volume of trade to be less than when there are no transportation costs d. the gains from trade to be greater than when there are no transportation costs |
c. the volume of trade to be less than when there are no transportation costs
Options:
| A. recognizing problems in emerging trends. B. identifying a currently available product or service and then building a business around a better version. C. framing a problem differently than it’s been thought of before, and then proposing an appropriate solution. D. experiencing a problem in one’s own life, and then realizing the solution represents a business opportunity. |
B. identifying a currently available product or service and then building a business around a better version.
Options:
| a) Test data tests only those controls which the auditor wishes to rely b) Test data should consist of data related to all controls prevalent in the organization c) The result of test data indicates that all the application and general controls are functioning properly d) Test data processed by the client’s computer programme under the auditor’s control |
b) Test data should consist of data related to all controls prevalent in the organization
Options:
| a) Errors in a CIS environment are less systemic as compared to errors in manual processing b) The potential for human error in the CIS environment is greater as compared to manual system c) In a computer based accounting system, audit trail is in electronic form d) Computer processing offers management a variety of analytical tools. |
a) Errors in a CIS environment are less systemic as compared to errors in manual processing
Options:
| a) Materiality is a relative concept b) Materiality judgments involve both quantitative and qualitative judgments c) Auditor’s consideration of materiality is influenced by the auditor’s perception of the needs of an informed decision maker who will rely on the financial statements d) At the planning state, the auditor considers materiality at the financial statement level only |
d) At the planning state, the auditor considers materiality at the financial statement level only
Options:
| a) All risk factors as mentioned in AAS-4, should be considered and documented along with response to them. b) Document the identification of fraud risk factors along with response to them. c) Document material fraud, risk factors and response to them. d) No documentation in required. |
b) Document the identification of fraud risk factors along with response to them.
Options:
| a) Auditing uses the theory of evidence to verify the financial information made available by Accountancy b) Auditing lends credibility dimension and quality dimension to the financial statements prepared by the accountant. c) Auditor should have through knowledge of accounting concepts and convention to enable him to express an opinion on financial statements d) All of the above. |
b) Auditing lends credibility dimension and quality dimension to the financial statements prepared by the accountant.