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    Auditing Test 2 with Answers

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    [pic]Accounting 408 Test 2 Review 1. An auditor obtains knowledge about a new client ’s business and its industry to a. Make constructive suggestions concerning improvements in the client ’s internal control structure. b. Develop an attitude of professional skepticism concerning management ’s financial statement assertions. c. Evaluate whether the aggregation of known misstatements causes the financial statements taken as a whole to be materially misstated

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    Answer Key for Test 2

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    ANSWER KEY FOR TEST 2 DECEMBER 2011 ECON 0110: MACROECONOMICS DR. KENKEL 25 questions worth 10 points each. Total Points = 250 1. Assume the following data apply to a certain country using 1996 as the base year: Year Consumer Nominal Price GDP Index (Trillions) 2005 144.9 12.2 2006 155.6 14.8 2007 169.5 17.5 The growth rate of real GDP between 2005 and 2006 is a. Less than 5.0% b. 5.0% to less than 6.0% c. 6.0% to less than 7.0% d. 7.0% to less than

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    explanations‚ and statistical section. Answer: True 2. The three major sections of a CAFR are the Introductory‚ Financial‚ and statistical sections. Answer: True 3. The introductory and statistical sections of a CAFR are not audited. Answer: True 4. State and local governments are required to prepare a CAFR. Answer: False 5. Combining statements are required whenever a non-major column is used in one of the fund financial statements. Answer: True 6. A complete CAFR includes

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    itself is known as a(n) _________________. Selected Answer: [None Given] Correct Answer: auxotroph  Question 2 Needs Grading An organism that has a mutation is called a(n)______________. Selected Answer: [None Given] Correct Answer: mutant  Question 3 1 out of 1 points Which of the following causes extra nucleotides to be added to a gene? Selected Answer: insertion mutation  Question

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    Student Answer: CORRECT a tentative claim to be tested. INCORRECT a clever remark designed to confuse an audience. an appeal to radical skepticism. a valid argument. 2. Question : Descartes worried a great deal about the threat posed by which of the following? Student Answer: Christians CORRECT Skeptics Masons Jesuits 3. Question : Examining reasons and constructing arguments can hel Student Answer: INCORRECT

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    used when conducting the research question is t-Test of independence. Reasons for using the technique The reason why t-Test of independence is used because there are only two group of independent variable‚ which is Buddhist and non-Buddhist. Besides that‚ the independent variable is categorical‚ while the dependent variable is using interval scale. Another reason for using t-Test of independence is because there are independent groups and the test compares two different groups with each other

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    battery will wear out in five hours‚ with a standard deviation of 30 minutes. Assuming that a new battery has just been installed‚ what is the probability that the battery will perform reliably during a one-hour exam?Answer | | | | | Selected Answer: |    0.05 | Correct Answer: |    0.9 | | | | | * Question 2 2 out of 2 points | | | The Ready Light Company produces a flashlight‚ which is perfectly reliable except for two components: the battery‚ which has a random failure

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    The relative value of any asset is‚ at best‚ a lucky guess. C) The true value of an asset is unaffected by externalities such as interest rate levels‚ the state of the economy‚ etc. D) Valuation is not an exact science. Answer: D Diff: 1 Topic: Valuation 2) The law of one price stipulates that A) identical goods must be sold to all buyers at the same price; otherwise price discrimination occurs. B) assets that are identical

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    at the parasympathetic terminal receptor site? Answer A. The the enzyme catechol O-methtransferase (COMT) B. By the reuptake process C. By the enzyme cholinesterase D. By the enzyme monoamine oxidase E. By the enzyme nicotinase 1 points   Question 2 1.   You adminster an inhaled bronchodilator that is known to have adrenergic side effects on the heart. What clnical sign should you watch for in your patient? Answer A. Tachypnea B. Bradypnea C. Tachycardia

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    Quiz Answers For Test 2

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    Children commonly worked from a very young age; most in Britain worked in: Answer a. shipyards. b. textile plants. c. mines. d. domestic service. e. rail yards. Question One explanation for Britain’s lead in the Industrial Revolution was that: Answer a. the majority of its entrepreneurs were from the aristocracy. b. the government subsidized all rural industry. c. the pursuit of wealth was perceived as a worthy goal in life. d. Oxford and Cambridge produced a surplus of engineers. e. Britain

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