Answer:
First-line managers operate their departments. They assign tasks, manage work flow, monitor the quality of work, deal with employee problems, and keep the middle managers and executive managers informed of problems and successes at ground level in the company.
Explanation:
The correct answer is:
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Answer:
First of all, an auditor must be skeptical about the information that he/she is gathering and analyzing. They should try to get as much audit evidence as they can in order to form an opinion. But an auditor can also reasonably assure that there are no material misstatements, either intentional or not intentional.
Most auditor procedures are intended to discover unintentional misstatements, but intentional misstatements are very hard to discover because more than one individual (or even a very large group) might have colluded in order to conceal them. The auditor gets his information from the controller, internal auditor, and other people within the organization, but what if they all colluded in order to conceal their bad actions.
E.g. an auditor should check for shipping receipts to be complete, accurate and in order, but he/she relies on information given by the same people that he/she is evaluating. The auditor can conclude that the shipping reports are complete, but he/she cannot state that they are true and valid because he/she wasn't there.
Answer: (B) There is incentive for buyers to undertake search activity
Explanation:
Setting price below equilibrium will create shortage.
Answer:
$14,000
Explanation:
The computation the retained earning balance for dividend distribution is shown below:
= Retained earnings - retained earnings was restricted for plant expansion - restricted for bond repayments
= $18,000 - $3,000 - $1,000
= $14,000
Simply we deduct those items which affect the retained earnings balance.
All other information which is given is not relevant. Hence, ignored it
