Materiality is important because if financial statements are materially misstated, users' decisions may be affected, and thereby cause financial loss to them. It is difficult to apply because there are often many different users of the financial statements is the correct statement for the difficulty of applying the materiality in practice.
Answer: Option C
<u>Explanation:</u>
Materiality is important but difficult to apply in practice because the user’s decisions may be hugely affected if the financial statements are misstated materially and this may cause a loss.
It is also very difficult in applying in practice due to having many different users of the financial statements. Making an assessment of the users is compulsory by the auditors and use the application of the materiality.
Answer:
d. An interest group is more likely than a political party to support a change in public policy.
Explanation:
Here the correct answer is an interest group that is more likely to support a change in public policy because the group of people who wishes a change in the policy is more likely to support for the change than any other organisation.
That particular interest group may not like the public policy framed by the government and wants some amendments in the policy, So it is more likely that the interest group will support for the change in the policy than the government.
Thus the correct answer is
d. An interest group is more likely than a political party to support a change in public policy.
Answer:
In 1534 Parliament passed the Act of Supremacy which defined the right of Henry VIII to be supreme head on earth of the Church of England, thereby severing ecclesiastical links with Rome.
The original act essentially created the Church of England and severed church ties with Rome
<u>Answer:
</u>
The one thing that is wrong with Mr. Jacobs' conclusion is that he has failed to consider that there can be other possible explanations for his results.
<u>Explanation:
</u>
- The fact that Mr. Jacobs conducted a 're-test' with the same questions in the test can be deemed to be a possibility behind the results of the tests having come out positive.
- Other than that, it can be considered that not the new method of physical education, but some other activity done by the students over the span of 8 months might have made the students better at the test.
Effects that are dependent on the size of the population and regulate the growth of populations are called density-dependent effects.
