The Auditing Standards Board has concluded that analytical procedures are so important that they are required during planning and completion phases.
The American Institute of Certified Public Accountants has designated the Auditing Standards Board as its senior technical committee for the purpose of issuing standards, guidelines, and auditing, attestation, and quality control statements to certified public accountants for audits of non-public companies.
The Auditing Standards Board (ASB) provides certified public accountants with standards, guidelines, and auditing, attestation, and quality control statements (CPAs). It is the senior technical committee of the AIPCA and is in charge of creating generally recognized auditing standards (GAAS) for private enterprises.
Learn more about Auditing Standards Board (ASB) here
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Answer: C. the firm can acquire other firms with innovative products instead of allocating capital to research and development
Explanation:
Unrelated Diversification is regarded as a diversification which takes place when a company adds an unrelated product to its business. For example, when an television manufacturer enters into a clothing business.
A firm practicing unrelated diversification can make better capital allocations to its subsidiary businesses than the external capital market can for all the following reasons except when the firm can acquire other firms with innovative products instead of allocating capital to research and development.
Korea has been steadily increasing their number of participants with every event.
Answer:
About the Lagrangian method,
We can use it to solve both consumer's utility maximization and firm's cost minimization problems.
Explanation:
Lagrangian method is a mathematical strategy for finding the maxima and the minima of a function subject to equality constraints. Equality constraints mean that one or more equations have to be satisfied exactly by the chosen values of the variables. Named after the mathematician, Joseph-Louis Lagrange, the basic idea behind the Lagrangian method is to convert a constrained problem into a Lagrangian function.
Answer: The correct answers are "decrease" and "decrease".
Explanation: Some policymakers have argued that products like cigarettes, alcohol, and sweetened soda generate negative externalities in consumption. All else equal, if the government decided to impose a tax on soda, the equilibrium quantity of soda would <u>decrease</u> and the equilibrium price of soda would <u>decrease.</u>
