An auditor's affinity for and identification with the audit profession is referred to as
A. Commitment to the firm
B. Professional identity
C. Commitment to the organization
D. Commitment to colleagues
Answers
An auditor's affinity for and identification with the audit profession is referred to as professional identity. This term captures the sense of belonging and attachment that an individual feels towards their profession.
The correct answer is B. Professional identity. An auditor's professional identity refers to their sense of belonging and connection to their chosen profession. This sense of identification is important as it impacts their job satisfaction, motivation, and commitment to the organization they work for. Professional identity can be developed through various means such as education, training, and experience. An auditor who is proud of their profession and sees themselves as a valuable contributor to the field is likely to be more committed and motivated in their work. It is important for auditors to maintain a strong professional identity to ensure that they remain ethical and objective in their work. This can help to uphold the integrity of the audit profession and ensure that auditors continue to provide valuable services to organizations. In summary, an auditor's professional identity is a crucial aspect of their profession that impacts their commitment to the organization and colleagues they work with.B. Professional identity In this case, it represents the auditor's dedication to maintaining the high standards and ethical principles associated with the audit profession.
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Related Questions
are some of the factors that influence employee benefits strategies cyclical
Answers
Answer:
hoobaa hooba hooba
Explanation:
hooo
a company using a weighted criteria evaluation system has established these 3 categories and the appropriate weight in parentheses: quality (0.20), delivery (0.60), cost (0.20). the scores for each category are shown below. company a company b company c quality 75 80 70 delivery 85 60 65 cost 60 80 65 which of the following companies has the highest total score? a. company c b. company b c. company a d. all companies scored the same
Answers
The answer is Company B.
COMPANY B has the highest score according to the weighted criteria system.
What is meant by the weighted criteria evaluation system?A decision-making tool called a weighted criteria evaluation system compares probable solutions against a set of weighted criteria.
Common applications include selecting the best software to buy or choosing amongst optional options.
The weighted scoring model formula is a total of variables (weight) /total of all weights = weighted score.
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What two conditions can lead to disequilibrium in a free market.
Answers
Discuss the role of the current South African government in providing for its citizens
Answers
Answer:
The role of the current South African government is to- makes laws and sets policies for the country and provides services which fall under national competencies.
to avoid developing conditions of worth, a person should ideally experience to avoid developing conditions of worth, a person should ideally experience existential optimism conditions of debt unconditional positive regard defensive pessimism
Answers
To avoid developing conditions of worth, a person should ideally experience unconditional positive regard.
Humanist psychologist Carl Rogers coined the phrase "unconditional positive regard" to characterize a strategy he employed in his non-directive, client-centered treatment.
Unconditional positive regard, in Rogers' view, entails extending a person's full support and approval regardless of what they say or do. No matter what the client says or does, the therapist accepts them and is there to assist them. This means that whether the client is exhibiting "good" behaviors or "bad" feelings, the therapist will still support them.
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Rachel worked in one of her family's two furniture stores. When her grandfather decided to
expand the business and build three more stores, Rachel realized that he would need a lot of
capital to get the construction started. She suggested that her grandfather raise the money
by selling shares of stock in the company to just a few people, not to the general public. Her
grandfather filed Articles of Incorporation with the government. He sold 1,000 shares of
stock to 100 people and kept 1,500 shares.
Answers
The text describes Rachel's suggestion for her grandfather to raise capital by selling shares of stock in the company to just a few people. Her grandfather followed the suggestion and sold 1,000 shares of stock to 100 people and kept 1,500 shares.
This process is known as a private placement, where shares of a company are sold to a small group of investors rather than the general public. It is often used by companies seeking to raise capital without going through the more extensive regulatory requirements of a public offering.
By selling shares of stock in the company, Rachel's grandfather was able to raise the necessary capital to expand the business and build three more stores. The 100 investors who bought shares became partial owners of the company and were entitled to a portion of its profits, as well as having a say in how the company was run.
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Career pathways never overlap.
True
OB.
False
Answers
Answer: The answer is B. False. I got this question on my test and got it right.
2. Jack makes $80,000 a year, but there is a 30% chance he will get sick, in which case his medical bills will effectively lower his income to $40,000. He has a utility function U=ln(I), where I=income (net of medical expenses).
Assume Jack doesn’t have health insurance, please calculate his: (1) expected income, (2) expected utility, (3) certainty equivalent, and (4) risk premium.
What’s more, please make a graph with income on the x-axis and utility on the y-axis, and (1) depict his utility curve in the graph, (2) label the four values you calculated from above.
3. Continuing for question 2, now Jack is considering buying health insurance to protect against this medical risk, and is deciding between the following three plans (or simply remaining uninsured): Plan A: 0% coinsurance rate, $8,000 annual premium Plan B: 20% coinsurance rate, $5,000 annual premium Plan C: 80% coinsurance rate, $650 annual premium (1) Compute his expected income and expected utility under each of these three plans. (2) Which plan maximizes his expected income? How about compared to remaining uninsured? (3) Which plan maximizes his expected utility? How about compared to remaining uninsured? (4) If the option maximizing his expected income and the option maximizing his expected utility are different, what is the intuition behind this? (5) For each of these three plans, please also compute the minimum premium that the insurance company should charge if we assume the loading fee is 0.
Answers
(1) Expected income is calculated by multiplying Jack's annual income of $80,000 by the probability of not getting sick, which is 70% (1 - 30%). So, his expected income is $80,000 * 0.70 = $56,000.
(2) To calculate the expected utility, we need to consider the utility of each income level weighted by its probability. For Jack's income of $80,000, his utility is ln(80,000). For an income of $40,000, his utility is ln(40,000).
So, the expected utility can be calculated as (0.70 * ln(80,000)) + (0.30 * ln(40,000)).
(3) The certainty equivalent is the guaranteed income that Jack would be willing to accept instead of taking the risk. In this case, it is the income level that provides the same utility as the expected utility calculated in (2).
We can solve for the certainty equivalent by setting the utility function U equal to the expected utility and solving for I. In this case, U = ln(I) = (0.70 * ln(80,000)) + (0.30 * ln(40,000)). By solving this equation, we can find the income level that provides the same utility.
(4) The risk premium is the amount of money Jack is willing to pay to avoid the risk. It is the difference between his expected income and the certainty equivalent.
So, the risk premium can be calculated as expected income - certainty equivalent.
To create a graph, we will plot the income on the x-axis and utility on the y-axis. The utility curve will be a concave function, reflecting the diminishing marginal utility of income. We will label the four values: expected income, expected utility, certainty equivalent, and risk premium.
For question 3:
(1) To compute the expected income and expected utility under each of the three plans, we need to consider the probabilities of getting sick and the income level with the coinsurance rate.
Plan A: Since there is no coinsurance, the expected income remains $56,000, and the expected utility will be the same as calculated in question 2.
Plan B: With a 20% coinsurance rate, if Jack gets sick, his income will be reduced to 80% of $40,000. So, the expected income under Plan B is (0.70 * $56,000) + (0.30 * 0.80 * $40,000).
To calculate the expected utility, we use the same method as in question 2 but with the new income levels.
Plan C: With an 80% coinsurance rate, if Jack gets sick, his income will be reduced to 20% of $40,000. So, the expected income under Plan C is (0.70 * $56,000) + (0.30 * 0.20 * $40,000). The expected utility is calculated similarly.
(2) To determine which plan maximizes his expected income, we compare the expected incomes under each plan. To determine which plan maximizes his expected utility, we compare the expected utilities under each plan. To compare these options to remaining uninsured, we compare the expected income and expected utility under each plan to those calculated in question 2.
(3) If the option maximizing his expected income and the option maximizing his expected utility are different, it means that Jack values income and utility differently. This can be due to his risk preferences and the shape of his utility function. Some individuals may prioritize maximizing income, while others may prioritize maximizing utility.
(4) The minimum premium that the insurance company should charge can be calculated by setting the expected income under each plan equal to the premium and solving for the premium value. In this case, we assume a loading fee of 0, so the premium charged by the insurance company is equal to the expected income.
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What taxes are paid directly to the government by taxpayers?.
Answers
Direct Taxes, as the name suggests, are unit taxes that are unit directly paid to the govt by the remunerator. it's a tax applied on people and organizations directly by the govt e.g. income tax, corporation tax, wealth tax etc.
Indirect Taxes are area units applied on the manufacture or sale of products and services. There are unit 2 forms of taxes particularly, direct taxes and indirect taxes. The implementation of each of the taxes differs. The intermediator later files a come back|income tax return|return|legal document|legal instrument|official document|instrument} and forwards the tax return to the government with the return.
Direct tax may be a tax that someone or an organization pays on to the entity that obligatory it. Examples embrace taxation, property tax, and private property tax.
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7. Solve this two step equation:
3 x 5 – 7 = y
Answers
Answer:
y=8
Explanation:
15-7=y
8=y
y=8
Answer:
its 8
Explanation:
if u do 3 times 5 its 15, if u do 15-7 which equal 8 or y so y=8
what is 2divided by 100
Answers
Answer:
0.02
Explanation:
Answer:
0.02 ... hope this helps :)
T/F rulemaking, an important function of an administrative agency, typically involves all of the following steps, except
Answers
Rulemaking, an important function of an administrative agency, typically involves all of the following steps, except rulemaking is a simple process set forth in each agency's enabling statute.
What is an administrative agency?A government agency with the power to create more exacting and complex regulations than are conceivable in a legislative environment in order to carry out legislative mandates. Law enforcement duties are carried out by several administrative organizations.
The agency's director or secretary occupies the agency's top position. Typically, the director will serve as the senior executive in charge of running the organization. The director will hire agency personnel and designate subordinate officials.
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In a population of 1000 cells, 200 are in various phase of the M stage. For those in interphase, 400 have 1X amount of DNA, 200 have 2X amount of DNA, and the rest have somewhere in between 1X and 2X amount of DNA. What is the total length of the cell cycle if the S phase has a duration of 5 hours?
Answers
Answer:
The answer is 25 hours
Explanation:
Solution
Given that:
The total number of cells = 1000 cells
The M -phase = 200 cells
In interphase it becomes:
1 X DNA = 400 cells
2X DNA = 200 cells
In between 1X and 2X = 200 cells
The duration of S phase = 5 hours
Now
The first step to take is to calculate the mitotic index of cells which is given as:
Mitotic Index = The number of cells in mitosis/Total number of cells * 100
Thus
Mitotic Index =Number of cells in prophase + metaphase +anaphase + telophase (P+M+A+T)/1000 * 100
=200/1000 * 100
=20%
Now from the cell cycle 20% is 5 hours, then 100% which is the length of total cell cycle. is about 25 hours.
If management operates to maximize the firm's profits, this will also maximize the market value of stockholders' wealth.
a. True
b. False
Answers
Answer:
b. False
Explanation:
The shareholder wealth could be maximized when there is a rise in the stock price as when the stock price rises, it automatically rised the value of the firm and the net worth also
Therefore in the given situation, in case when the firm wants to maximise its profits so it not necessary to increased the market value
Therefore the given statement is false
what type of marketing strategy best exemplifies a straightforward mapping of a product to a customer’s willingness to pay?
Answers
Vertical differentiation strategy is the marketing strategy that best exemplifies the straightforward mapping of the product.
Marketing strategy refers to plans executed by a firms' marketing department which ensure that various plan for reaching prospective consumers and turning them into customers of the products are achieved.
Basically, the differentiation strategy in marketing entails development of product which is unique, different and distinct from its competitors product.
But in this question context, the type of marketing is Vertical differentiation strategy.
The Vertical differentiation strategy involves a firm finding a quality and price mix which will differentiate the brand from its competitors,
Therefore, the type of strategy that best exemplifies a straightforward mapping of a product to a customer’s willingness to pay is the Vertical differentiation strategy.
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When correcting errors in a trial balance, the ruling method should be used a.when a proper entry has been made but posted to the wrong account or for the wrong amount. b.if an incorrect entry has been journalized and posted to the wrong account. c.when an incorrect journal entry has been made, but not yet posted. d.when an incorrect journal entry has been made, but not yet posted and when a proper entry has been made but posted to the wrong account or for the wrong amount
Answers
Answer:
d.when an incorrect journal entry has been made, but not yet posted and when a proper entry has been made but posted to the wrong account or for the wrong amount
Explanation:
When correcting errors in a trial balance, the ruling method should be used "when an incorrect journal entry has been made, but not yet posted and when a proper entry has been made but posted to the wrong account or for the wrong amount."
In trial balancing, an error can be fixed or corrected by tracing the trial balance steps. First, make a comparison between the ledger balances and the amount posted to the trial balance then add both debit and credit table if the amount matches, otherwise use the transposition method.
The first step to keeping your home safe is to minimize the overall amount of_____ material you store in your home.
Answers
When the price of petroleum goes up, the demand for natural gas ______, the demand for coal ______, and the demand for solar power ______. (Assume these goods are substitutes for petroleum.)
Answers
Answer:
increases; increases; increases
If a U.S. firm desires to avoid the risk from exchange rate fluctuations, and it is receiving 100,000 in 90 days, it could:___________.
a. obtain a 90-day forward purchase contract on euros.
b. sell euros 90 days from now at the spot rate.
c. obtain a 90-day forward sale contract on euros.
d. purchase euros 90 days from now at the spot rate.
Answers
A 90-day forward-sale purchase contract will help to reduce or eliminate the risk facing the U.S. Firm.
What is a Forward sale Contract?This refers to a special contract between two parties to purchase or sell an asset at an agreed price on a future date.
The fact that the price has been set and agreed upon protects the parties from fluctuations, which in this case, is exchange rate risks.
The correct answer, thus, is A.
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A table has several fields related to computer data. you want the serial number (sr. no.) field to increase by one every time you add a new record. which data type would you use for the sr. no. field?
Answers
an auto-increment field for the sr. no. field in this table would be the most efficient and effective way to ensure that each record has a unique identifier that increases by one with each new addition.
To ensure that the serial number (sr. no.) field increases by one every time a new record is added, the appropriate data type to use would be an auto-increment field. An auto-increment field is a type of field in a database that automatically generates a unique, sequential number when a new record is added. This means that every time a new record is added to the table, the value of the sr. no. field will automatically increase by one. Auto-increment fields are typically used for primary keys in databases, as they ensure that each record in the table has a unique identifier. This makes it easier to search for and retrieve specific records, as well as to link related records together.
In addition to being useful for generating unique identifiers, auto-increment fields can also help to improve the performance of the database. This is because they are typically implemented using a database's built-in indexing system, which allows for faster searching and sorting of the data.
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Inverse Demand Equation: P = 170 - 4Qd Marginal Costs=\$10; MR =
170 - 8Qd A perfectly -competitive firm would charge a price of: a
. $ 20 b. $10 . $100 O d. 0
Answers
A perfectly competitive firm would charge a price of $90. The Option D.
What price would a perfectly competitive firm charge?In a perfectly competitive market, a firm sets its price based on its marginal cost (MC) and the market demand curve. The marginal revenue (MR) of the firm is equal to the price (P) it charges in perfect competition.
We will equate the MR to the MC and solve for the equilibrium quantity (Qd) and price (P).
Given:
Inverse demand equation: P = 170 - 4Qd
Marginal cost: MC = $10
Marginal revenue equation: MR = 170 - 8Qd
Setting MR equal to MC:
170 - 8Qd = 10
Rearranging the equation:
8Qd = 160
Qd = 20
Substituting value of Qd:
P = 170 - 4(20)
P = 170 - 80
P = 90.
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Tinney & Smyth Inc. is considering the purchase of a new batch polymer-bonding machine for producing Crazy Rubber, a children’s toy. The machine will increase EBITDA by $194,385 per year for the next two years. The machine’s purchase price is $260,000 and the salvage value at the end of two years is $46,800. To run the Crazy Rubber production line, the company will need to purchase an inventory of polydimethylsiloxane and boric acid for a total cost of $15,000. The tax rate is 35%.
What are the operating cash flows in Year 1? Assume that the cost of buying the new machine is tax deductible at the end of the first year. (Round to the nearest dollar.)
Answers
The operating cash flow in an year assuming that the cost of buying the new machine is tax deductible at the end of first year.We must account for both the tax consequences and the machine's EBITDA when calculating the operating cash flows in Year 1.
Let's examine the calculation in more detail using the provided data: EBITDA growth annually: $194,385. Cost of buying the machine: $260,000. At the end of two years, the salvage value was $46,800. Cost of inventory: $15,000, 35% tax rate. It is possible to compute operating cash flows in Year 1 as follows:
Step 1: Determine the tax savings associated with buying the machine: Tax savings are calculated as follows: machine price * tax rate, Taxes saved equal $260,000 * 35%, or $91,000 that is ninety one thousand U.S dollar in total.
Step 2: Determine the net cash flow from the increase in EBITDA. Net EBITDA growth is calculated as EBITDA growth minus tax savings. Increase in Net EBITDA is $194,385 minus $91,000, or $103,385 that is one hundred three thousand and three eighty five hundred dollar.
Step 3: Determine the amount of money that is needed to buy inventory. the Inventory cost equals to the cash outflow for an inventory purchases $15,000 that is fifteen thousand dollar was spent on the inventory purchase.
Step 4: Estimate the whole operating cash flow for Year 1: Operating cash flow in the first year equals an increase in net earnings less cash spent on inventory purchases. Operating cash flow in Year 1 equals $103,385 - $15,000 = $88,385.
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Advocates of floating rates pointed out that Group of answer choices removal of the obligation to peg currency values would restore monetary control to central banks. imposing of the obligation to peg currency values would restore fiscal control. imposing of the obligation to peg currency values would restore monetary control to central banks. imposing of the obligation to peg currency would restore monetary control to the consumer. removing of the obligation to peg currency values would restore fiscal control.
Answers
Answer:
removal of the obligation to peg currency values would restore monetary control to central banks.
Explanation:
The Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to depository financial institutions when they're running out of money and as well as regulate their activities.
Generally, monetary policy affects the money supply in an economy, which then creates an impact on interest rates and the inflation rate.
Hence, advocates of floating rates pointed out that removal of the obligation to peg currency (setting specific fixed exchange rate) values would restore monetary control to central banks.
Determine whether the demand for the following product is likely to be elastic or inelastic Demand for cola is likely to be
Answers
Determine whether the demand for the following product is likely to be elastic or inelastic. Demand for cola is likely to be inelastic.
Inelastic demand refers to a situation where a change in price has a relatively small impact on the quantity of a good demanded. In the case of cola, it is a common and relatively inexpensive product with few close substitutes, meaning consumers are less likely to be price sensitive when choosing whether or not to purchase cola. Therefore, changes in the price of cola are unlikely to result in a significant change in the quantity demanded. Additionally, many consumers may have a brand preference and be willing to pay a higher price for a particular brand of cola, further indicating that demand for cola is likely to be inelastic.Overall, the demand for cola is likely to be inelastic, which means that a change in price is unlikely to significantly impact the quantity of cola demanded by consumers.
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8. Registration procedures for incorporation are uniform from state to state across the U.S.
Answers
No, registration procedures for incorporation are not completely uniform from state to state across the United States.
Each state has its own laws and regulations governing the incorporation process, and the requirements and procedures can vary significantly.
Generally, the process of incorporating a business involves selecting a business name, filing articles of incorporation with the state government, obtaining any necessary business licenses and permits, and registering for taxes. However, the specific requirements and procedures for each of these steps can vary depending on the state in which the business is being incorporated.
For example, some states require businesses to have a registered agent, who serves as a point of contact between the business and the state government. Other states may require businesses to file annual reports or pay franchise taxes.
Additionally, some states may have specific requirements or restrictions on the types of businesses that can be incorporated, or the types of activities that can be conducted by a corporation.
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help help help help help help help help help
Answers
Answer:
hope it helped you
Explanation:
A niche is the role a species plays in the ecosystem. In other words, a niche is how an organism “makes a living.” A niche will include the organism's role in the flow of energy through the ecosystem. ... An organism's niche also includes how the organism interacts with other organisms, and its role in recycling nutrients.
Answer:
The answer is D, or "News reporting devoted to a targeted portion of a journalism market sector".
Explanation:
Many news companies try finding ways to increase their relevance and revenue sources. This presents a marketable opportunity for publishers to create niche content that individuals cannot find elsewhere.
Knowledge Matters VB Personal finance Buying a Home Math Quiz
Answers
Knowledge Matters VB Personal Finance aims to teach students important financial skills and help them make informed decisions about their money, both now and in the future.
Knowledge Matters VB (Virtual Business) Personal Finance is a computer-based educational software designed to teach students financial literacy and money management skills in a fun and interactive way. The program simulates real-world financial scenarios that students might face in their everyday lives, such as creating a budget, saving for retirement, buying a car, and investing in the stock market.
Through the program, students can learn and practice a variety of financial skills, including:
Budgeting and Money Management: Students can learn how to create and manage a personal budget, track their spending, and save money for future expenses.
Banking and Credit: The program teaches students how to manage a checking and savings account, use credit cards responsibly, and build good credit.
Investing and Retirement: Students can learn about investing in the stock market, mutual funds, and retirement accounts like IRAs and 401(k)s.
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what is marketing management?why is it important?
Answers
Its help to stand competent in highly thriving competition in the market.
Answer:
Marketing management is especially important for smaller businesses because it gives them a level footing to complete with larger players in the field.Thorough customer research,creative campaigns and marketing strategies and positive branding can go a long way in providing a brand with an edge over its competition.
Explanation:
hope it helps you
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
What type of Interests pays interest on interest?
O Compound Interest
O Simple Interest
Answers
Answer:
Compound interest
Explanation: