Answer:
option D - Impress on management its ultimate responsibility for the financial statements and disclosures.
Explanation:
Correct answer is option D:
The written representations are written statements made by management team explaining about the distinct topics and also used as audit evidence.
This document taken as supporting document which is used to confirm other audit. The auditor managed the list of representation to be signed by client.
More than 95% of customers in the US wireless mobile phone market are served by AT&T, Verizon, and T-Mobile. This market is characterized by oligopolistic rivalry.
How large is the market for cell phones?
In 2021, the market for smartphones was estimated to be worth USD 457.18 billion. A 7.3% CAGR is predicted for the market throughout the forecast period as it increases from USD 484.81 billion in 2022 to USD 792.51 billion in 2029.
The market for smartphones is it expanding?
Since 2008, the smartphone market has been continuously expanding and increasing in size as well as in terms of the variety of models and providers. In 2022, it is anticipated that there will be 1.43 billion smartphones shipped globally. 78.05% of people on the planet will have smartphones by the year 2020.
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Answer:
Function
Explanation:
Functional departmentalisation is when staff who perform similar functions are put in the same department.
Examples of functional departmentalisation includes- marketing department, production department, finance department, human resources department.
Advantages of functional departmentalisation include:
1. It makes coordination of activities easier
2. It enhances supervision of staff
3. It enhances specialisation.
Functional departmentalisation can lead to overspecialisation and the inability of managers to perform in other departments other than their primary departments.
Other types of departmentalisation are :
1. Customer departmentalisation
2. Geographic departmentalisation
3. Process departmentalisation
4. Product departmentalisation
Answer:
The correct option is D
Explanation:
LIBOR termed as London Interbank Offered Rate, which is the rate of interest at which the major banks globally lend to another bank in the international market for the loans which are short- term in nature.
LIBOR, serves or states as the accepted key interest rate globally , which states the cost of borrowing among the banks.
Therefore, LIBOR, is the term which is the interest rate charged by banks in London to lend money among themselves.