Auditing Chapter 2 and 3 Chapter MC 2 2.26 - 2.29 Q 65‚ 70(I) 2.26) Which of the following categories of principles is most closely related to gathering audit evidence? A. Performance 2.27) Which of the following is not related to ethical requirements of auditors? D. professional judgment 2.28) One of an accounting firm’s basic objectives is to provide professional services that conform to professional standards. Reasonable assurance of the achieving this objective can be obtained by the
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Suppose the own price elasticity of demand for good X is -2‚ its income elasticity is 3‚ its advertising elasticity is 4‚ and the cross-price elasticity of demand between it and good Y is -6. Determine how much the consumption of this will change if: a. The price of good X increases by 5 percent. b. The price of good Y increases by 10 percent c. Advertising decreases by 2 percent d. Income falls by 3 percent Use the own price elasticity of demand formula to write % ΔQxy /5=2 quantity
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estate‚ FMCG‚ industrial engineering‚ appliances‚ furniture‚ security and agri care – to name a few – their turnover crosses 2.6 billion dollars. I think of Godrej as such an integral part of India and you may be surprised to know that 20% of their business is done overseas. Godrej’s presence in more than 60 countries ensures that their customers are at home with Godrej no matter where they go. Godrej is the brand one can believe in‚ service excellence one can count on and the promise of brighter living
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Fitzgerald opens chapter three projecting Gatsby’s fictitious success through Nicks description of Gatsby’s parties. The colour yellow is repeated throughout this chapter‚ it is used to describe ‘the yellow cocktail music’ at Gatsby’s parties and also his station wagon which was ‘scampered like a brisk yellow bug’. The colour ‘yellow’ represents a fake gold- gold being associated with those with ‘old money’- suggesting Gatsby’s assets to be deceptive. This is further exemplified by the ‘two girls
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Tasks in the project 3. Subtasks in the major tasks 4.Activities (or “work packages”) to be completed Project Controlling: Close monitoring of Resources‚ Costs‚ Quality‚ Budgets. Feedback enables revising the Project Plan and Shift Resources. Computerized tools produce extensive reports Six Steps PERT & CPM: 1. Define the Project and prepare the Work Breakdown Structure 2. Develop relationships among the activities - decide which activities must precede and which must follow others 3. Draw the network
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Chapter 3 E1. Web site needs The Brilliant Line http://risdmuseum.org/thebrillian MoMA Popart http://www.moma.org/interactives/... iphoneart.org http://www.iphoneart.org Offer accessible facts about organization Small to the point Stated their mission Mission stated easy to use Allow visitors to experience the site in different ways and different levels Yes very interesting Yes but if you don’t have the required programs your experience is not that great Yes you jump all over and not
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Chapter 3 Methods of research and Procedures Method of research is a systematic gathering of qualitative and quantitative data. It follows a certain process to have data that will be interpreted. It supports the validity of the study by using a test statistic to answer some question and to prove some hypothesis. This chapter also in clued the details on how the data are acquired. In this study we use the following method • Naturalistic Observation • Survey Method • Testing Method Naturalistic
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Most businesses should engage in e-commerce on the Internet. Do you agree or disagree with this statement? Explain your position. * 2. Why do you think there have been so many business failures among “dot-com” companies that were devoted only to retail e-commerce? * 3. If personalizing a customer’s Web site experience is a key success factor‚ then electronic profiling processes to track visitor Web site behavior are necessary. Do you agree or disagree with this
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Chapter 10 Starting a business Chapter 10 | Starting a business 1. 2. 3. 4. 5. 6. Preparation Selecting a business structure Licences and registration Renting or buying the premises Franchising Opening for business Preparation Chapter 10 Starting a business Preparation • Before a person starts trading‚ they should: – do some research‚ – protect the IP‚ – prepare a plan‚ – raise some money‚ and – take out insurance. Selecting a business structure Chapter 10 Starting a business Business
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LECTURE 3 Business Environment LEARNING OUTCOME OF LECTURE 3 & 4: * Investigate the economic‚ social and global environment in which organisations operate CONTENTS (Lecture 3): Resource issues and types of economic system: basic economic problem‚ effective use of Resources; type of economic systems — command‚ free enterprise‚ mixed‚ including transitional economies‚ public and private sector initiatives; private finance initiatives. Business Environment : We can divide the types
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