Answer:
d. Applied research
Explanation:
Applied research refers to scientific study and research that seeks to solve practical problems.
The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.
Basically, applied research plays a significant role in proffering solutions to day-to-day problems encountered by various individuals or organizations in different fields such as medicine, telecommunications, engineering, and other areas of life.
Hence, an applied research is used by researchers to develop innovative technologies, cure various diseases and illness, as well as the other day-to-day problems.
I think it is A also because I am taking the same test in USA Test Prep.
Answer:
1. This rises the situation of limitation on scope so Disclaimer of opinion.
2. MATERIAL but not pervasive so Qualified opinion as no capitalization of lease payment is departure from GAAP.
3.considering loss as material but not pervasive. Auditor should add an emphasis of matter paragraph to underscore this issue.
4. Scope limitation - QUALIFIED REPORT.
5. The auditor doesn't have to express an opinion but have to indicate whether this supplimentary info. Is fairly stated in all aspects.
6. Modify the report to show the division of responsibility with component auditor.
7.It affects consistency of financial statements. Supplement emphaiem of matter para. With the unmodified report.
8. The auditor should add an emphasis of matter para for better understanding of users. issue the standard unmodified report.
Companies like Uber and Airbnb uses this kind of economic model. For Uber Taxi, unlike the traditional taxis that are owned by companies, the customers/passengers are serviced by private drivers who owned the cars used. For Airbnb, it allows customers/vacationers to rent a place or a room owned by private individuals compared to hotels or resorts which are owned by companies or corporations.
