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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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A firm can effectively use its operations function to yield competitive advantage through all of the following except
ira [324]

Answer:

The correct answer is b.setting equipment utilization goals below industry average.

Explanation:

A firm cannot achieve competitive advantage by setting its equipment utilization goals as this will not retain its customers.

If a firm wants to achieve competitive advantage it can achieve it by;

Addressing its customers concerns and customizes the products according to their needs.  

Providing customers their ordered products earlier than other companies lead time, which means increase in speed of delivery and shortens the delivery time.

Bring improvement and advancements in its products by using new technology.

Maintain a variety of different product options to cater the needs of its various customers. Offering them a wide range of products will probably reduce chances of customer switch.

4 0
3 years ago
If your tuition is $2,000 this semester, your books cost $400, you can only work 10 rather than 40 hours per week during the 15
Juli2301 [7.4K]
Opportunity cost is computed as the difference between the present worth and the cost. present worth is the product of $12 and 10 hours * 15 weeks while the cost includes the tuition cost, books cost and the board cost. The cost has a total of <span>$2,000 + $400 + $4000 equal to $6400. The difference is equal to $4600</span>
4 0
3 years ago
Contemporary businesses have embraced leaner corporate hierarchies, simultaneously relying on teams, eliminating division walls,
alisha [4.7K]

Answers:

Option a: authentic.

Option A-E of the second question are all correct.they are the characteristics of Persuasion in this digital age.

Option a. All businesses are in the persuasion business

Option b. Persuasion is more complex and impersonal

Option c. Persuasive techniques are more subtle and misleading

Option d: Persuasive messages are slow to engage audiences

Option e. Persuasive messages are targeted to very specific audiences

Explanation:

In business, persuasion is the ability to influence others especially in decision making. Persuasive skills are essential at work as teams and managers leaves traditional command structure and focus instead on influencing others. An individual must be genuinely respectful and authentic that is they are people who are very intuitive and will know any effort to manipulate them. Using authority as a way to persuade does not generate respect. Instead of a blunt,commanding, pushy hard-sell approach, persuaders play on emotions by using flattery, empathy.

Persuasive techniques in the digital age are more subtle and misleading due to the fact that blunt, pushy hard-sell approach, persuaders play on emotions by using flattery, empathy, nonverbal cues, e. t. c which can be more subtle and misleading

5 0
3 years ago
Six months after starting a quilting business with a partner, Penny finds that actual revenues are significantly lower than proj
pychu [463]

Answer:

escalation of commitment

Explanation:

Penny invest into the business additional funds ignoring the expected outcome of the business (the future returns are not expected to increase)

Penny is not doing the proper analysis of the past six month

The invested funds, time and other resources should not be considered they are sunk cost. The 50,000 will increase the losses not cut them as the return are not going to improve. Additional funds should be invested when there is a financial need due to other project which required more lverage and not to make up for revenues falling behind budget

Penny avoids to acknowle the true fact of the business.

5 0
3 years ago
Read 2 more answers
How did President Trump react to the two multilateral trade agreements, the Trans Pacific Partnership and the Transatlantic Trad
zhenek [66]

Options:

He pulled the United States out of these negotiations.

He attempted to expand these agreements to include other nations.

He quickly signed the agreements after taking office.

He asked that the United States control more than 50 percent of the involved nations.

He agreed that even more multilateral trade agreements should be established.

Answer:He pulled the United States out of these negotiations.

Explanation:Trans Pacific Partnership is one of the strategic policies of Former president barrack Obama,it involves a dress trade agreements between the United States of America and the Asian countries but in 2017,President Trump withdrew from the trade agreements.

President Trump also pulled out if the Transatlantic Trade and Investment Partnership which was a trade agreement between the United States of America and Europe.

7 0
3 years ago
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