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Advocard [28]
3 years ago
8

Which of the following principles underlies the interaction of individual choices? a Marginal analysis is used for "how much" de

cisions. b People usually exploit opportunities to make themselves better off. c Resources are scarce. d There are gains from trade.
Business
1 answer:
GalinKa [24]3 years ago
6 0

Answer:

d There are gains from trade.

Explanation:

A trade can be defined as the process that typically involves the buying and selling of goods and services between a buyer (consumer) and a seller (producer).

Thus, trade creates an enabling environment that suits a specific service provider or producer of a particular product.

Basically, the interaction of individual choices underlies the fact that there are gains from trade.

This ultimately implies that, as a result of the difference between human needs and wants, there is always an opportunity for various producers to manufacture goods and services to meet the needs or requirements of these customers.

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michael was on the abc accounting firm's audit team for the rasmussen corporation audit. rasmussen's officers were so impressed
nirvana33 [79]

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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#SPJ1

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.

6 0
2 years ago
Pennsylvania Company supplied the following information:
V125BC [204]

Answer:

$12,620

Explanation:

Cost of Direct materials of Job 99 = $70 x 100 = $7,000

Cost of Direct labour of Job 99 = $5 x 100 = $5,000

Overhead Expenses of Job 99 = $62 x 10 = $620

Total job cost for Job 99 = 7000 + 5000 +620 = $12,620

6 0
2 years ago
A bank has three assets. It has $75 million invested in consumer loans with a three-year duration, $39 million invested in T-bon
dalvyx [7]

Answer:

A. 6.50 years

Explanation:

Let C represent consumer loans,

T represent T-bonds and

t  represent T-bills

Portfolio duration = wC*dC + wT*dT + wt*dt

w = weight of...

d= duration of ....

Find the weights;

Total amount invested = 75 + 39 + 18 = 132 mill

wC = 75 / 132 = 0.5682

wT = 39 / 132 = 0.2955

wt = 18 /132 = 0.1364

Portfolio duration = (0.5682*3) +(0.2955*16) + (0.1364*0.5)

= 1.7046 + 4.728 + 0.0682

= 6.50 years

7 0
2 years ago
8. Joe Davola planned to begin saving for his retirement starting next month. Joe’s plan was to invest $450 per month, starting
gayaneshka [121]
B.81.06 because joe began saving listen to began saving
4 0
3 years ago
1. What are the advantages and disadvantages of monopolistic competition in hotels? What are some examples of monopolistic compe
lesantik [10]

Answer:

I don't know

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Explanation:

I don't know

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I don't know

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4 0
2 years ago
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