Answer:
The answer is E) Testing for controlling would most often involve scenario, integration and user acceptance testing.
Explanation:
In quality control, there involve a series of tests: Scenario testing, Integration testing and User acceptance testing.
Scenario testing is done once there a functionally that can be tested is developed. Under scenario testing, integration of functions is not done yet but it is possible to test the performance of the interface developed to ascertain how an end user will use it.
Integration testing involves testing the functionally of a combined unit assembled from individual units to see how well they perform as an integrated unit.
User acceptance testing is doe at the final phase to check how well it can perform in real time. This is meant to check user friendliness and ease of access.
The law of increasing opportunity costs is reflected in a production possibilities curve that is concave to the origin.
Answer:
Explanation: Eran las doce.
Había mucha gente en la calle.
A las doce y media, Tomás y yo entramos en el restaurante Tárcoles.
Todos los días yo almorzaba con Tomás al mediodía.
El camarero llegó inmediatamente con el menú.
Nosotros empezábamos a leerlo.
Yo pedí el pescado.
De repente, el camarero (volvió a nuestra mesa.
Y nos (dio una mala noticia.
Desafortunadamente, no tenían) más pescado.
Por eso Tomás y yo (decidimoscomer en otro lugar.
(Llovió cuando (salimos del restaurante.
Así que (regresamos al restaurante Tárcoles.
Esta vez, (pedí) arroz con pollo.
In order to preserve independence, Michael must "Remove himself from the engagement as he considers the offer." (Option B). It is to be noted that this is an internal control problem.
<h3>
What is Independence in this case?</h3>
The absence of situations that jeopardize the internal audit activity's capacity to carry out internal audit tasks objectively is called Independence.
Practically, independence is achieved by ensuring that the internal audit activity has no management control for any of the organization's non-audit functions that are subject to internal audit assessments, and by distancing the internal audit activity's management from the functional oversight of the organization's senior management.
Learn more about internal control:
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Full Question:
Michael was on the ABC Accounting Firm's audit team for the Rasmussen Corporation audit. Rasmussen's officers were so impressed with Michael that they offered him a job as Director of Internal Audit at Rasmussen. What should Michael do in order to preserve independence?
A) Tell his superiors as soon as he has decided whether or not to accept the offer.
B) Remove himself from the engagement as he considers the offer.
C) Pray for divine guidance.
D) If he decides to reject the offer, remove himself permanently from the engagement.
Answer: 4) No change in the money supply because the $200 in currency has been converted to a $200 increase in checkable deposits
Explanation:
The money supply refers to the total amount of money currently in circulation. In this instance it remains the same because no new money was introduced into the economy.
All that has happened is that Ms. Rogers took her $200 which was already in circulation and part of money supply and deposited it in her checking account. The money is therefore still in circulation, just not in immediate cash.
Money supply therefore remains the same.
