2. Which technique would be most effective and efficient for testing the operating effectiveness of the described control based on the fact pattern below? Control description: On a monthly basis, bank reconciliations are performed Risk of control: Low Desired level of evidence: Low Type of audit: Financial statement only audit a. Inquiry b. Observation c. Inspection/Examination d. Reperformance
Answers
The most effective and efficient technique for testing the operating effectiveness of the described control is inquiry. A bank reconciliation is a document that compares a bank statement to a company’s financial records to ensure that the bank balance is accurate.
A bank reconciliation is performed monthly by the company to ensure the accuracy of the bank balance. Reconciliation is a critical internal control process that is used to safeguard a company's assets and detect discrepancies. Reconciliation confirms that the company's financial records accurately reflect the transactions and balances of the bank account. If there are any discrepancies between the bank statement and the company's records, a reconciliation will identify them and allow the company to investigate and correct them.
Inquiry is a testing technique that involves questioning individuals who are knowledgeable about the process being audited. This testing technique is used to gather evidence to determine if a control is operating effectively. In this case, inquiry is the most effective and efficient method of testing the control since it is a low-risk control and the desired level of evidence is also low. Therefore, there is no need to perform a more complex or time-consuming test. Inquiry is a relatively simple technique that can be performed quickly, making it an efficient testing technique.
In conclusion, the most effective and efficient technique for testing the operating effectiveness of the described control is inquiry.
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Related Questions
Look at the picture and the passage. How does the picture demonstrate air pressure?
The more air that is in the balloon, the faster the air particles move, causing the balloon to expand.
As more air is blown into the balloon, the pressure increases, forcing the sides of the balloon to expand.
Air particles blown into the balloon are moving faster than the air outside of the balloon, causing it to expand.
Compressed air from the lungs is blown into the balloon. Because this air is heavy, the balloon expands.
Answers
The more air that is in the balloon, the faster the air particles move, causing the balloon to expand as the the picture demonstrate air pressure. Thus, option (a) is correct.
What is picture?A drawing, photograph, painting, or other image of a person, object, or situation is referred to as a “picture.” The picture was the help to the learning process. The picture was the visual representation of the communication. The picture was the more attract to the children. The picture is the sign, symbol and the included the drawing.
According to the picture was the dependent on the demonstration air density are a human are the wind on the balloon to the fast the air particles move are the producing to the balloons are the greater. It was the principal demonstrate air pressure.
As a result, the air pressure was the demonstrate are the aforementioned.
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annie is continually turning projects in late because she is a perfectionist and spends a lot of time checking every last detail. her boss puts up with it because she does a great job, but he is constantly asking her to work on her time management. annie has just received a new project with a really tight deadline, and her boss made it clear that being late would be unacceptable. what approach should annie implement to improve her efficiency on this project?
Answers
In order to reach the deadline and retain her present level of perfectionism, Annie should put in more time at the office.
How do you define a management?In the notion in management, a person or a group of people must be challenged and managed in order to attain the intended goals and objectives. Organizing, supervising, and directing people is another aspect of management.
Why is management important?Simply said, firms wouldn't succeed without managers. Through growers through high-performing teams, managers play a significant role in the sector. Overall, managers will always be a key component of any organization because of their involvement in activities like hiring and training new personnel as well as decision-making.
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How can an employee best help to maintain a positive work environment?
ОА.
Avoid interacting with other staff members.
OB.
Focus on the good things.
O C.
Socialize every evening with other staff members.
OD.
Maintain good relations with the management.
Answers
D. Maintain good relations with the management.
Answer:
it is (C)
Explanation:
Which situation is an example of a person making use of credit?
A. An architect puts his weekly paychecks into a savings account at
a local bank.
O B. A college student saves up money in order to buy a cheap used
car.
O C. A farmer sells most of her crops to customers who live near her
farm.
O D. A business owner takes out a loan to expand and redecorate her
offices.
SUBMIT
Answers
An example of a person making use of credit is a business owner takes out a loan to expand and redecorate her offices.
What is credit?Credit is when a person makes use of money he or she does not have in her account. Usually, the person borrows the money from a lender. When a business owner takes out a loan, she is making use of credit.
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Nivea works for Bonbon, a fair-trade chocolate company based in California. In addition to being recognized for the delicious, low fat treats the company manufactures, Bonbon is also known for fair labor practices at its factories. When interviewed, 83% of the company's loyal customers said when they couldn't find Bonbon products for purchase in local stores, they ordered them online rather than buy substitute products.
Which type of brand loyalty is illustrated here?
Select one:
a. brand preference
b. brand competition
c. brand insistence
d. brand recognition
e. brand name
Answers
Answer:
c. brand insistence
Explanation:
Since in the given situation it is mentioned that the 83% of the loyal customers could not find the bonbon products at local stores so they will ordered online instead of purchasing the substitute goods as in the brand insistence refer the stage of the brand loyalty where the purchase would accept no alternatives and they will search for the particular brand only
plssss help
what is india’s comparative advantage in global competition?
a. low cost labor
b. access to natural resources
c. production of agricultural commodities
d. open land for building growth
e. innovation and expertise in manufacturing
Answers
India's comparative advantage in the global competition will be "Low-cost labor".
Over the past couple of years, India however has preserved significant competitive advantages throughout the production of medicines as well as a variety of tradeable commodity manufactured goods.Despite the reality that the requirements for becoming a distribution center continuously improving, certain manufacturing investments are expected to somehow be untouched by technology.
Thus the above answer i.e., "option a" is the right answer.
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if the cross-price elasticity of demand between beer and pizza is -0.31, then beer and pizza are
Answers
If the cross-price elasticity of demand between beer and pizza is -0.31, then beer and pizza are complementary goods.
This is because a negative cross-price elasticity indicates that as the price of one good increases, the demand for the other good decreases, and vice versa. This means that an increase in the price of pizza will lead to a decrease in the demand for beer, and vice versa. The negative value of the cross-price elasticity of demand indicates that the two goods are inversely related, and the absolute value of the elasticity coefficient (0.31) suggests that the relationship is moderately elastic.
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I Will give brainliest!!!!!!!!!!!! Now I know this isn't a question for schools, but I figured I really need this answer. A friend and I have a really good idea for a device, but we don't know anything about making machines and coding. How would we get someone who would help us make this idea a reality. I don't mean investors, because then we would still need to make a prototype, I mean find someone with the capabilities of producing our product as well as code it, and so on
Answers
Answer:
post an ad online
Explanation:
or flyers in your city work well to, my friend and i did that and we got a lot of offers
The ________ stage of the new-product process assesses the total "business fit" of the proposed new product with the company's mission and objectives, from whether the product can be economically developed and manufactured to the marketing strategy needed to have it succeed in the marketpla
Answers
Answer:
Business analysis
Explanation:
The business analysis refers to the analysis of the business i.e whether the product is profitable or not it contains the attributes that the company want and the consumer wants. It should be done with the help of marketing strategy and research by their taste and preference. Is this product fits with the company mission and objectives or not
So the given situation represents the business analysis stage
advantage air-conditioning guarantees any spare part for repairing air conditioners will be supplied within 24 hours. this policy best matches with maintainability. availability. none of the choices are correct. reliability.
Answers
If the air conditioning guarantees any spare parts for repairing air conditioners and will be supplied within 24 hours, then, this policy best matches with reliability.
What do you mean by reliability ?
Reliability is defined as the probability that a product, system, or service will perform its intended function adequately for a specified period of time, or will operate in a defined environment without failure.
The most important components of this definition must be clearly understood to fully know how reliability in a product or service is established:
Probability: the likelihood of mission success. Intended function: for example, to light, cut, rotate, or heat. Satisfactory: perform according to a specification, with an acceptable degree of compliance. Specific period of time: minutes, days, months, or number of cycles. Specified conditions: for example, temperature, speed, or pressure.Stated another way, reliability can be seen as:
Probability of success. Durability. Dependability. Quality over time. Availability to perform a function.To know more about reliability from the given link:
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in many parts of the world, a significant amount of effort goes into non market production in the household, such as stay-at-home parenting. for example, zimbabwe has a very high rate of non market household production, about 35% of gdp. in contrast, canada has a low rate of nonmarket household production, about 12% of gdp. how does the difference in nonmarket household production affect a comparison of gdp between zimbabwe and canada?
Answers
The difference in nonmarket household production affect a comparison of GDP between Zimbabwe and Canada the difference between Canada's and Zimbabwe's GDP would be smaller if nonmarket production were counted, canada's GDP would be higher if nonmarket production were counted and zimbabwe's GDP would be higher if nonmarket production were counted. The correct option is C, E and F.
The difference in nonmarket household production affects the comparison of GDP between Zimbabwe and Canada as follows:
C. The difference between Canada's and Zimbabwe's GDP would be smaller if nonmarket production were counted. This is because Zimbabwe has a higher rate of nonmarket household production (35%) compared to Canada (12%). If nonmarket production were included in GDP calculations, it would increase Zimbabwe's GDP more than Canada's, making the gap between the two countries' GDP smaller.
E. Canada's GDP would be higher if nonmarket production were counted, as it would include the 12% nonmarket household production in the GDP calculation.
F. Zimbabwe's GDP would be higher if nonmarket production were counted, as it would include the 35% nonmarket household production in the GDP calculation.
Hence, the correct option is C, E and F.
The complete question is:
In many parts of the world, a significant amount of effort goes into nonmarket production in the household, such as stay-at-home parenting. For example, Zimbabwe has a very high rate of nonmarket household production, about 35% of GDP. In contrast, Canada has a low rate of nonmarket household production, about 12% of GDP.
How does the difference in nonmarket household production affect a comparison of GDP between Zimbabwe and Canada?
Choose one or more:
A. The difference between Canada's and Zimbabwe's GDP would be larger if nonmarket production were counted.
B. Canada's GDP would be lower if nonmarket production were counted.
C. The difference between Canada's and Zimbabwe's GDP would be smaller if nonmarket production were counted.
D. Zimbabwe's GDP would be lower if nonmarket production were counted.
E. Canada's GDP would be higher if nonmarket production were counted.
F. Zimbabwe's GDP would be higher if nonmarket production were counted.
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Titanium Inc. is a software company in which the software developers and programmers interact directly with customers. The team asks the customers for their requirements, develops a sample, and sends it to them for feedback. The team continues production based on the feedback given by their clients. The firm spends less time on negotiating contracts and documenting processes. This scenario implies that Titanium Inc. is using which approach
Answers
The approach being used by Titanium Inc., based on the scenario provided, is Agile methodology. scrum ceremony Agile methodology is a software development approach in which requirements and solutions evolve through.
The collaborative effort of self-organizing and cross-functional teams and their clients/customers. Agile methods endorse the agile manifesto and the twelve agile principles.
That promote iterative development, teamwork, collaboration, and customer satisfaction through continuous delivery of functional software. The Agile approach is focused on delivering quality, value, and adaptability to changing requirements while minimizing overheads and maximizing customer satisfaction.The Agile approach favors interaction and collaboration over negotiation and documentation, and therefore it's ideal for small teams, rapidly changing requirements, and dynamic environments like software development.
Complete question:
Titanium Inc. is a software company in which the software developers and programmers interact directly with customers. The team asks the customers for their requirements, develops a sample, and sends it to them for feedback. The team continues production based on the feedback given by their clients. The firm spends less time on negotiating contracts and documenting processes. This scenario implies that Titanium Inc. is using which approach?
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What will happen to the equilibrium price and quantity of new cars if the price of petrol rises, the price of steel rises, public transportation becomes cheaper and more comfortable, and auto-workers negotiate higher wages? a. Price will fall and the effect on quantity is ambiguous. b. Both price and quantity will fall. c. Quantity will fall and the effect on price is ambiguous. d. Both price and quantity will increase. 2. When a good is non-Giffen inferior good, a decrease in the price of the good causes the a. supply curve of the good to shift to the right. b. demand curve of the good to shift to the left. C. prices of complementary goods to fall. d. the quantity demanded for this good to increase along the demand curve. 3. Consider airfares on flights between Singapore and Kuala Lumpur. When the airfare is $250, the quantity demanded of tickets is 2,000 per week. When the airfare is $280, the quantity demanded of tickets is 1,700 per week. Using the midpoint method, a. the price elasticity of demand is about -1.43 and an increase in the airfare will cause the total revenue of the airlines to decrease. b. the price elasticity of demand is about - 1.43 and an increase in the airfare will cause the total revenue of the airlines to increase. C. the price elasticity of demand is about -0.70 and an increase in the airfare will cause the total revenue of the airlines to decrease. d. the price elasticity of demand is about -0.70 and an increase in the airfare will cause the total revenue of the airlines to increase. 4. Normally, a firm's marginal cost is U-shaped because of a. diminishing marginal product. b. increasing marginal product. c. the fact that increasing marginal product follows decreasing marginal product. d. the fact that decreasing marginal product follows increasing marginal product.
Answers
Normally, a firm's marginal cost is U-shaped because Equilibrium of diminishing marginal product.increasing marginal product. Owning a car would become more expensive if the cost of petrol rose. The correct answer is a. diminishing marginal product.
The demand for brand-new cars would consequently decline. Public transit might be seen as an alternative to new cars; as a result, the demand for new cars would decline if public transport became more affordable.
If we combined these two OCcurrences, the demand curve for automobiles would move to the left. Price and quantity equilibrium would be false. Car manufacturing would become more affordable if the cost of steel used to construct cars dropped. As a result, the supply of cars would rise. The supply curve would shift to the right, lowering the equilibrium price while raising the quantity. When these three occurrences are combined, equilibrium price would decrease, but the impact on quantity is unclear.
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In some arts, A/V technology, and communication careers, workers participate in apprenticeships. Why are
apprenticeships useful?
They allow experienced workers to learn new skills.
O They allow experienced workers to stay home from work.
O They allow new workers to get job experience.
They allow new workers to have paid benefits.
Answers
Answer: they allow new workers to get job experience
Explanation:
I know this from the back of my head and just took the test!
the principal of a mortgage loan is the
a. down payment minus the closing costs minus the purchase price
b. purchase price plus the closing costs minus the down payment
c. down payment plus the closing costs plus the down payment
d. purchase price minus the closing costs minus the down payment
Answers
The down payment less the closing charges less the purchase price is the mortgage loan's principle.
What does a mortgage look like in its simplest form?When you enter into a mortgage with a lender, you give the lender the right to seize the property if they are unable to make the loan amount back plus the interest. You might be able to get a mortgage loan that will enable you buy a new house using the worth of the an existing home as security.
Why do individuals use mortgages?Mortgage loans assist people in financing the purchase of real estate by taking a small portion of the property's overall worth as payment. How Do Mortgages Work A mortgage is a loan used to pay for the upkeep of a home, piece of land, or other kinds of rental properties.
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What button is used to format a table’s text to make it more interesting?
Answers
Then click the “Table Design” contextual tab in the Ribbon.
The preset table styles appear in a list in the “Table Styles” button group.
Select the correct answer. Based on the graph, how many people are willing to work when the government of a country raises the minimum wage from $17 to $25? A. 9 B. 12 C. 16 D. 19 E. 28 Reset Next
Answers
Based on the graph , the number of people who are willing to work when the government of a country raises the minimum wage from $17 to $25 is 28. The Option E is correct.
How do we conclude the numbers?The number of workers a company is willing to hire for a certain salary is referred to as demand in the labor market. Or the number of employees required. However, supply in this market is the number of workers willing to work for the offered salary.
In this case, the graph shows that the demand is 9 and the supply is 28 workers on the ordinate axis (Y line), where the minimum wage values are located. This means that companies would hire 9 workers at the minimum wage of $25, and there are 28 workers willing to work at that wage (or receiving that salary)
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What has prevented you from saving money in the past? based on what you’ve learned, what can you do to change this?.
Answers
Whether or not you pick to pay off the very best interest-fee money owed first or pay down the smallest balances first, it is essential that you decide to pay it all off.
The faster you unfastened yourself of debt, the more money you'll lose to meet your financial savings desires.
Every other impediment to saving money can be a lack of economic literacy. It's imperative to enhance your economic knowledge due to the fact that frequently parking all your cash in a financial savings account will now not be enough.
Reasons why you ought to save money
monetary independence.dwelling debt-loose.unforeseen fees.buying a home.shopping for a car or different big-price ticket purchases.medical emergencies.making plans for your retirement.constructing a college fund for your children.Learn more about interest here: https://brainly.com/question/24924853
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What is a protective put? How can it be used to arrive at the
Put-Call Parity condition?
Answers
A protective put is a strategy where an investor buys a put option to hedge against downside risk, and it can be used to test the Put-Call Parity condition.
A protective put provides the investor with the right to sell their underlying security at a predetermined strike price within a specified period. This strategy is commonly used when the investor wants to hedge against a potential decline in the value of their holdings. By purchasing a put option, the investor can limit their losses if the price of the security falls below the strike price.
To arrive at the Put-Call Parity condition, the investor can compare the cost of implementing a protective put strategy with the cost of creating a synthetic call option. A synthetic call option is a combination of a long position in the underlying security and a short position in the corresponding put option. If the costs of these two strategies are equal, it implies that the put-call parity condition holds.
By comparing the costs, an investor can determine whether there are any discrepancies in the market pricing of put and call options. If the cost of a protective put strategy is significantly different from the cost of a synthetic call option, there may be opportunities for arbitrage.
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In Rovamia, a developing country, companies often had to compromise on quality and cost earlier to make their products affordable to consumers. However, with the increase in per capita income of the country, companies can now maintain the quality of their products without lowering price. Identify a factor that best describes the reason for this shift in Rovamia.
Answers
Answer:
economic growth
Explanation:
Here are the options
Ethical growth
Cultural evolution
Political clash
Economic growth
Economic growth can be described as the rise in the real gross domestic product of an economy overtime. It is the increase in the wealth of a nation overtime.
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
Per capita income = real GDP / population
per capita GDP measures the standard of living of people in a country. The higher the per capita income, the higher GDP is and the higher the standard of living is.
If per capita income of Rovamia increases, it means that the gross domestic product has also increased and economic growth has occurred.
Whoever says I WIN first gets a brainliest
Answers
Answer:
I WIN
udyfjctdkbhdyghdgvhfhv
Answer:
i win
Explanation:
:))))
Question 6 (2 points)
There should be a specific plan in place for reaching a(n)
company goal.
a
strategy
established
Ob
ос
Od
specific
new
Answers
Answer:
титльишмш дядя оо влево потива
All of the following allow for a monopoly to exist EXCEPT ______________.
a. geography
b. competition
c. a patent
d. government mandate
Economics
Answers
Answer:
d. government mandate economics
Explanation:
during the industrial era the government stepped in to stop wealthy monopoly companies from corruption of the government
The correct option is (d) Government mandate economics.
What does government mandate economics mean?The group of people responsible for governing the country is called the government. If some government has a mandate for carrying out any policy or task, then they somewhat get the authority to win the election or vote. Hence (d) is correct out of all options.
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NeeeeeD HeeellllP !!!!!!!!!!!!!!!!
Answers
Answer:
false
Explanation:
what unemployment programs exist in state of Kentucky, eligibility, and how to get these benefits.
Answers
Answer:
Unemployment Insurance (UI) is an employer-paid insurance program that provides you with benefits when you’re separated from a job at no fault of your own.
UI benefits help cover the gap in lost wages while you are between jobs. The benefits are not based on need, and they’re paid out in weekly payments as long as you meet eligibility requirements and report on a weekly basis.
If you were let go from your job, you’re experiencing significantly reduced hours, or you’re out of a job due to a company closure, you're likely eligible for
UI benefits.
1. Collect your information
2. Create an account Online or By phone
3. File a claim
4. Complete your eligibility review
5. Set up your payment options
Where do I submit my claim?
Kentucky Division of Unemployment Insurance Website
Kentucky unemployment insurance online portal.
Answer:
i do the ogburn high school
Explanation:
what is the difference between ordered list and unordered list?
Answers
With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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olivia decides to forgo a third slice of pizza and eats an ice cream cone instead. this behavior exemplifies the economic concept of:
Answers
Olivia decides to forgo a third slice of pizza and eats an ice cream cone instead. this behavior exemplifies the economic concept of altruism.
Neoclassical economics holds that rational humans will go to any lengths to increase their own wealth. However, people are regarded as acting kindly when they give up something for the sake of others without anticipating compensation for themselves.
For instance, some businesses would hire employees even if they are not required. They don't want to cause unemployment, which is why. Additionally, companies may not aim to maximize revenues. Other goals that businesses may have include those related to the environment, charity, and social responsibility.
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Aden is a small engine mechanic who earns a regular hourly rate of $15.68. For overtime, he earns time and a half on Saturdays and double time on Sundays. This week he worked his regular 40 hours plus 8 hours on Saturday and 7 hours on Sunday. What’s his total pay?
Answers
Answer:
$1,034.88
Explanation:
Aden total pay will be
regular hours worked x regular pay
=40 hrs x $15.68
=$627.2
Overtime hours
Saturday rate :$15.68 x 1.5 =$23.52
Hours worked on Saturday= 8 hrs
Saturday pay = $15.68 x 8
=$188.16
Sunday rate : $15.68 x 2= $31.36
Hours worked on Sunday = 7
Sunday pay = $31.36 x 7
=$219.
Total pay =$627.2 + $188.16 +$219.52
=$1,034.88
what form does the trajectory of a particle have if the distance from any point a to point b is equal to the magnitude of the displacement from a to b?
Answers
The trajectory of a particle in this situation will have a straight-line form. This is because the magnitude of the displacement from a to b will be equal to the distance from a to b, meaning that the velocity and acceleration vectors are constant, resulting in a straight-line trajectory.
A displacement is a vector, which has both a magnitude and a direction, and can be described by the displacement equation, given by
Displacement = final position - initial position
The magnitude of the displacement is the distance from a to b, which is equal to the distance from b to a, and thus the trajectory will form a straight line. This is because when the magnitude of the displacement remains constant, the velocity and acceleration vectors will remain the same, meaning that the path taken by the particle will form a straight line.
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