An inaccurate cost function with a slope coefficient that is estimated too low may most likely result in ________
A) predicting total costs that are too high
B) initiating cost cutting measures when they are unnecessary
C) evaluating a weak manager as having strong performance
D) promoting a product that is actually more profitable than budgeted
Answer: B
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Audit evidence is generally considered sufficient when:
a) It is from a creditable source. b) It pertains to the audit objective. c) It has been obtained from a random sample. d) There is enough to support well-founded conclusions.
Products or services that may be sought as alternative solutions (e.g., purchasing tax planning software rather than paying a CPA to assist with preparing your taxes) are referred to as ________
A) buyers products B) rivalry products C) substitute products D) competitive alternatives