Explanation:
Sovereignty, in political theory, the ultimate overseer, or authority, in the decision-making process of the state and in the maintenance of order. ... Derived from the Latin superanus through the French souveraineté, the term was originally understood to mean the equivalent of supreme power.
Answer:
c. Facing hard rationing.
Explanation:
In this scenario, the CFO of Edward's Food Distributors is continually receiving capital funding requests from its division managers. These requests are seeking funding for positive net present value projects. The CFO continues to deny all funding requests due to the financial situation of the company. Apparently, the company is facing hard rationing.
Hard rationing can be defined as a capital budget that an organization is expected to adhere strictly to, as a result of limited or few resources availability and as such there is no room for errors or modifications in the short run.
Answer:
For: Money is an effective, powerful and simple motivator. Self-evidently, money motivates and extra money motivates people to work extra hard. It's natural to compete, and when rewarded with money for better work then productivity and standards are raised for all..
While money often doesn't motivate, it can nonetheless be a powerful demotivator. In “Blocked employees and money as a motivator,” James daSilva notes that too little money can be especially demotivating to top-performing employees who are “blocked” from earning more.
Answer:
d. Substantive analytical procedures would not be appropriate in any of the above scenarios.
Explanation:
Substantive analytical procedures are a type of audit procedure that is performed to address an identified risk of material inconsistencies of the significant account balances regarding its financial statements.
According to this statement, the option a. is wrong due to the auditor's primary objective to reduce audit costs. It would not be so useful to foster internal control efficiency (option b.) Misstatements are to be revised but are no likely to occur, then option C. is disqualified.