Answer:
The correct answer is A. Obtain an understanding of the entity's risk assessment process.
Explanation:
In the process of developing the audit plan, risk assessment is one of the most important parts, since it will determine the relevance of the accounts in the review procedure performed. However, it is essential to emphasize that in order to achieve this determination, aspects such as qualitative risk factors, as well as quantitative ones, must be taken into consideration. In addition, the process has three essential steps that will help you achieve the evaluation of processes in an effective way: a) identify or classify an account as significant within the financial statements; b) identification of risks that may affect the processes; c) understanding of the entity.
The "money" portion is an erroneous reference to credit cards as a form of money, which they are not. Although credit cards do facilitate transactions, because they are a liability rather than an asset, they are not money and not part of the economy's money supply.
<h3>Why is credit cards not considered as money?</h3>
Credit cards and debit cards are not considered to be money, even though they are used to purchase goods and services. It is so because they are not issued by Federal Reserve which has a monopoly over money supply in the U.S.
<h3>Why are credit cards excluded from the equation for money supply?</h3>
When calculating the money supply, the Federal Reserve includes financial assets like currency and deposits. In contrast, credit card debts are liabilities.
To learn more about credit cards, refer
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Answer:
a. is an institution that brings together buyers and sellers.
Explanation:
A market is an institution that brings together buyers and sellers to exchange goods and services.
A market doesnt always requires face-to-face contact between buyer and seller thanks to the internet.
I hope my answer helps you.
Although companies that sell global products can reduce costs by standardizing certain marketing activities, this approach may not benefit the company when the benefit of serving the customers with an adapted product may outweigh the benefit <span>of a standardized product.
This needs to be balanced - there shouldn't be more of one or the other.
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Answer: Knowledge function of attitudes
Explanation:
Knowledge function of attitude helps with the decision making process. Knowledge helps customers make a buying decision based off of what they know about the products and brands they are buying. For example, as a consumer I am an exclusive apple product user. If apple comes out with a product, I trust their quality based off the other products I already own. Because I have the knowledge of my apple products, I can make a simple decision on any future apple products I would want