ch9 Student: ___________________________________________________________________________ 1. The risk of incorrect acceptance and the risk of assessing control risk too low relate to the A. Preliminary estimates of materiality levels. B. Allowable risk of tolerable error. C. Efficiency of the audit. D. Effectiveness of the audit. 2. While performing a substantive test of details during an audit‚ the auditor determined that the sample results supported the conclusion that the recorded
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[pic] Further Details: Steve McClure Tel: - +441376 536838 / +447703519426 ----------------------- HS&E bulletin 07/2004 Recently‚ a serious incident occurred following the sampling of an LPG vessel. The inspector obtained hydrocarbon liquefied gas samples using two gas sample cylinders‚ commonly called ‘gas bombs’. These cylinders were delivered to a client’s laboratory for testing but the correct procedure for delivering
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What are the modes of acceptance recognised under the Contracts Act 1950 (Revised 1974) and common law. Support your answers with reference to decided cases. An acceptance must be communicated for it to be effective and valid. The mental assent of both parties is not required but the external manifestation should exist. The acceptor must dos something in order to notify his acceptance. For example‚ he should communicate his acceptance of the offeror. This can be illustrated
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measure and evaluate the quality of a product‚ service‚ or process. Two basic categories: I. Statistical process control (SPC): - the application of statistical techniques to determine whether a process is functioning as desired II. Acceptance Sampling: - the application of statistical techniques to determine whether a population of items should be accepted or rejected based on inspection of a sample of those items. Quality Measurement: Attributes vs Variables Attributes: Characteristics
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For a Simple contract to be valid one party must make an offer and the other accept it (see: Acceptance of offer). The offer will usually indicate the form the acceptance should take (e.g.‚ in writing‚ by post)‚ and may indicate when the acceptance will be deemed to have occurred (e.g.‚ on delivery of the posted acceptance‚ see: Acceptance of offer by post). In seeking to prove that a contract was in existence‚ it will be necessary to show that there was a definite offer. Certain things look like
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Business Law: Offer and Acceptance. For a simple contract to be valid one party must make an offer and the other party accept it. An offer is made where a person (the offerer) unequivocally expresses to another (the offeree) his willingness to make a binding agreement on the terms specified by him if they are accepted by the offeree’ (Card 2002). This offer could be made to a specific person‚ in which case it cannot be accepted by anyone other than that individual. On the other hand it could
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Legal Issue: Is an agreement between two parties enforceable by law 1. OFFER: Ben has contacted Ting in the subject matter of identifiable object GTX which Ting had inspected two days ago‚ he clearly mentioned terms and conditions i.e. $30‚000 cash and showed an intention to be bound by these terms and conditions 1(Harvy v Facey‚ Graw 6th ed‚ pg 41). 2. MERE INQUIRY: Ting didn’t accept or reject Ben’s offer and inquired about the spare parts which is infact a mere inquiry rather than counter
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Acceptance is Freedom Freedom is a word that we use so often‚ but what does it truly mean? Everyone has a different definition of what freedom is. Some believe that freedom is saying whatever you want without consequences or doing what you want without consequences‚ while others believe that freedom is about equality. However‚ author Ambrose Flack presents a new and refreshing viewpoint. In his short story‚ The Strangers That Came to Town‚ Ambrose Flack is showing that true freedom is about
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Acceptance Lindsay Reid LS 311 Kaplan University Professor James Starcher July 29‚ 2012 Acceptance In the case of Carrie‚ Antonio and Norvel‚ Carrie offers to sell Antonio a set of legal encyclopedias for $300.00. Antonio says he has to think about it and will let Carrie know the next day. Norvel‚ who overheard the offer to Antonio‚ tells Carrie he accepts her offer. Carrie gives Norvel the encyclopedias in return for $300.00. The next day‚ Antonio‚ unaware of the transaction between Norvel
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Situation: An opinion poll was done by a TV station through the phoned-in answers to a Yes or no question. What type of Sampling is this???? Answer:Convenience Sampling. Daniella: One day‚ a TV show in the Philippines is having an opinion poll about the effectiveness and use of herbal medicine nowadays through phoned-in answers. Nellen: Now we will be calling some of our televiewers‚ so better hold on to your phones. All you go to do is to answer our question‚ and *tantanaran* Our question
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