Which of the following statements express the purpose of the Truth-in-Lending Act?
a. To require lenders to charge a "reasonable" rate of interest
b. To regulate interest rates and terms of loans
c. To provide consumers with information necessary to make the best credit decision
d. To help lenders limit state laws
c
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You have been assigned to audit the maintenance department of an organization. Which of the following is likely to produce the least reliable audit evidence?
a. Notes on discussions with mechanics in the maintenance operation b. A schedule comparing actual maintenance expenses with budgeted expenses and those of the prior period and disclosing important differences c. A narrative covering review of user reports on maintenance service d. An analysis of changes in certain maintenance department ratios
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What will be an ideal response?