QUESTION 8Which of the following about a business proposal is FALSE?O An effective business proposal's emphasis on persuasion guides the overall presentationAn effective business proposal is built around a great idea or solutionIt features many of the common elements of a report.O It establishes fault and includes judgmental statements4QUESTION 9Which of the following is typically NOT something that a business proposal does?O Helps to fix inefficient or dangerous practicesO Help to win contracts and sell productsO Improve business operationsO Inform the reader about policy changesQUESTION 10Which of the following is an advantage of memos?O They take a relatively short time to be prepared and deliveredO They are the preferred mode of communication for writing to people outside the organizationO They provide a written document for the receiver to reviewO They allow the supervisors to send out nonverbal messages more effectively4QUESTION 11Business letters represent you and your company in your absence. In order to communicate effectively and project a positive image asuggestions should be followed?O Be clear, concise, specific, and respectfulO Make sure each word contributes to the purposeO Each paragraph should focus on at least three ideasO The parts of the letter should form a complete message

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Answered: QUESTION 8 Which of the following about…

Pkg Acc Infor Systems MS VISIO CD

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LO 8 A review of business failures as described in the financial press, such as the Wall Street Journal, suggests that the control environment is one of the major contributors to the failure. Often the tone at the top at the failed companies reflects a disdain for controls and an emphasis on accomplishing specific financial reporting objectives such as reporting increased profitability. How will the auditor’s assessment of the operating effectiveness of the control environment affect the design and conduct of an audit? Consider both a positive and negative assessment.
9.Discuss (i). the notions and purposes of CVP Analysis, and(iii) the Components of CVP Analysis (Break-Even Analysis, Target Analysis, Margin of Safety Analysis, Sales-mix Analysis and others)10. Discuss what forms of relevant information are applicable for business decisions related to Make or Buy Decisions, Accept or Reject Special Orders; Continue or Discontinue Business, and Sell or Process Further, and others
QUESTION 39 Which of the following is incorrect: A. The Market for Corporate Control is an important external mechanism for encouraging corporate managers to act in their shareholders’ best interests B. GMU Dean Emeritus Henry G. Manne developed the theoretical concept of "Market for Corporate Control" C. The Market for Corporate Control was enacted into law by the Williams Act D. The Market for Corporate Control protects rationally ignorant shareholders E. None of the above
Q 3 How would an auditor go about assessing management integrity? Why management’s integrity is considered the most important factor affecting the client acceptance or continuation decision? Suppose you came across a situation in which you have to decide between losing your job as an auditor or write against the corrupt practices of Board of Directors in financial statements. What would you do?
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Select the INCORRECT statement: The aim of ensuring good corporate governance is... Select one: 1.Better understand and isolate the causes of market crashes 2.To ensure investor protection 3.To maximise corporate transparency Prevent market disruptions resulting from corporate collapse 4.Prosecute shareholders for allowing high risk business decisions that resulted in corporate collapse
46 List of Statement 1. A defective audit trail exists when an individual is not able to follow the flow of a transaction from its initiation and inclusion in the financial statement representation, or vice-versa. 2. Managers of profit centers have responsibility for both cost control and revenue generation while managers of cost centers only have responsibility for costs. Which of the statement(s) above is(are) invalid? O Statement 1 Both statements are invalid Both statements are valid O Statement 2 Answer only
1. (Political Motivations for Policies) Ever since the unethical actions of some employees of Enron Corp. first came to light, ethics in accounting has been in the news with increasing frequency. The unethical actions of the employees essentially involved their selection of certain accounting policies for the company. In many instances, GAAP does allow firms some flexibility in their choice of legitimate accounting policies. This is true, for example, in choosing an inventory cost formula. However, the company's choice of policies may ultimately be influenced by several specific factors. Instructions State three of these factors and explain why each of them may influence an accounting policy choice.
QUESTION 32 Which of the follwing is not a mechanism to reduce agenct's undesirable behavior? A. knowledge transfer from principal to agent B. threat of hostile takeover C. existence of labor market D. compensation based on output/performance (stock proce, income, etc.) E. monitoring on agent behavior
33) Which threat may occur when, because of a close relationship, a professional accountant becomes too sympathetic to the interests of others? a) Self-interest threats b) Advocacy threats c) Familiarity threats d) Self-review threats
1. Information from Management Reporting System are used by business owners in making strategic decisions. The reports created from this are called Group of answer choices b. Discretionary, because the company has no discretion to produce the report or not, the law requires them to generate such reports c. Non discretionary, because the company has sole discretion to produce such reports for internal users. on discretionary, because the company has no discretion to produce the report or not, the law requires them to generate such reports d. Discretionary, because the company has sole discretion to produce such reports for internal users. 2. The entry to record the granting of credit to a customer for a sales return is posted to Group of answer choices a. accounts receivable subsidiary ledger only. b. the general ledger only. c. both the accounts receivable subsidiary ledger and the general ledger. d. both the accounts payable subsidiary ledger and the general ledger.…
34. S1. Operational risk, as opposed to efficiency, is the risk of loss resulting from inadequate internal processes, people, and systems or from external events. S2. FS audit is concerned on to see that the credit control has been strictly followed while operational audit is concerned on to study the credit control system for suggesting better measures as necessary. Which of the following statements is/are false? Group of answer choices Statement I only Statements I and II Statement II only None of the statements

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