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babymother [125]
3 years ago
11

Which of the following statements represent the appropriate directional relationships between the concepts of inherent risk, con

trol risk, audit risk, and detection risk?a. As inherent risk goes up, audit risk goes up.b. As inherent risk goes up, audit risk goes down.c. As control risk goes up, detection risk goes up.d. As control risk goes up, inherent risk goes down.
Business
1 answer:
luda_lava [24]3 years ago
8 0

Answer:

b. As inherent risk goes up, audit risk goes down.

Explanation:

Inherent risk is the risk which is present before applying any control, and audit risk is the that the auditor expresses inappropiate audit opinion when the financial statements are materialy misstated.

Thus, when the inherent risk is <em>high</em>, the auditor keeps the audit risk at <em>low </em>level to perform more subtantative procedures.

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Opportunity costs occur when decisions are made. economists recommend that those decisions be based on what?
zhannawk [14.2K]
Those decisions should be based on COSTS AND BENEFITS.
In making decision on which course to follow, the decision made will be based on the costs of the products involved and the benefits that each one of them has to offer. The product with the lowest cost and the highest benefits should be chosen.
6 0
3 years ago
Ben and John formed BCD Inc., a corporation, in 2013. Ben received 80% of the voting common stock, the only class of stock and J
Lady_Fox [76]

Answer:

Gain recognized by Ben = $10,000

Explanation:

Given Data:

Adjusted basis of property=$40000

Cash received =  $15000

Additional stock received = $35000

Total received =  Cash received + Additional stock received

                        = $35000 + $15000

                        = $50000

 Gain recognized by Ben = Total received - Adjusted basis of property

                                          =$50,000  -$40,000

                                        = $10,000

Therefore, gain recognized by Ben  = $10,000

8 0
3 years ago
Help!!<br>list 5 importance of freedom​
marusya05 [52]

Answer:

people can do what they want (with limitations)

people can say what they want (with limitations)

people can believe in what they want

and thats all ive got. good luck on the last two tho

5 0
3 years ago
10) A blue ocean strategy A. B) involves a preemptive strike to secure an advantageous position in a fast-growing market segment
Zarrin [17]

Answer:

The correct answer is D) offers growth in revenues and profits by discovering or inventing a new industry or distinct market segment that renders rivals largely irrelevant and allows a company to create and capture altogether new demand.

Explanation:

The blue ocean strategy is a marketing theory that determines the need for organizations to forget about competition and focus especially on creating their own growth possibilities, which allows perceiving other variables that are of greater importance for business and that generally remain hidden due to the price war in which the market has been involved.

4 0
3 years ago
Which of the following is not a basic consumer right?
Kitty [74]

Answer:

C

the right to be refunded

Explanation:

4 0
3 years ago
Read 2 more answers
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