The equation method and the contribution margin method are most useful when managers want to determine operating income at a few specific levels of sales

The clan culture has a(n) ________.

a. external focus and values flexibility b. internal focus and values stability and control c. internal focus and values flexibility d. strong external focus and values stability and control e. continual focus on efficiency, cost cutting, and outsourcing

Which of the following statements best describes the distinction between the auditor's responsibilities and management's responsibilities?

a. Management has responsibility for maintaining and adopting sound accounting policies, and the auditor has responsibility for internal control b. Management has responsibility for the basic data underlying financial statements, and the auditor has responsibility for drafting the financial statements c. The auditor's responsibility is confined to the audited portion of the financial statements, and management's responsibility is confined to the unaudited portions d. The auditor's responsibility is confined to expressing an opinion, but the financial statements remain the responsibility of management