Materiality is important because if financial statements are materially misstated, users' decisions may be affected, and thereby cause financial loss to them. It is difficult to apply because there are often many different users of the financial statements is the correct statement for the difficulty of applying the materiality in practice.
Answer: Option C
<u>Explanation:</u>
Materiality is important but difficult to apply in practice because the user’s decisions may be hugely affected if the financial statements are misstated materially and this may cause a loss.
It is also very difficult in applying in practice due to having many different users of the financial statements. Making an assessment of the users is compulsory by the auditors and use the application of the materiality.
Answer:
A disaster is a serious disruption to the functioning of a community, which causes human, material, economic and environmental losses beyond a community's ability to cope. Disaster management aims to lessen the impacts of disasters, minimizing losses of life and property.
Answer: Eagle
Explanation:
Isaiah 40;31
KJV:But they that wait upon the Lord shall renew their strength; they shall mount up with wings as eagles; they shall run, and not be weary; and they shall walk, and not faint.
Answer: This group discussion suffered from DOMINATING.
Explanation: Dominating can be defined as an act of exerting an overwhelming guiding influence over something or someone by the use of superior authority or power.
Domination involves imbalances or asymmetries in power.
From the definition, it can be concluded that the group suffered from domination. Out of 5 people present in the meeting, only the idea of one person was accepted, this illustrates the idea that domination involves imbalances or asymmetries in power.
The answer is "<span>social desirability bias".
Social desirability bias alludes to the way that in self-reports, individuals will frequently report erroneously on delicate points keeping in mind the end goal to introduce themselves in the most ideal light. This can be because of both self-misleading and other-misdirection.
</span>
