Which of the following are associated with bear markets? I. investor pessimism II. rising profits III. economic slowdown IV. rising security prices
A) I and III only
B) II and III only
C) I, II and III only
D) II, III and IV only
Answer: A
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Which of the following is an example of a company employing the product development growth
strategy to achieve its market-share based objectives? A) Blackberry capturing market share from competing manufacturers of smart phones by offering special Blackberry features like instant messaging etc. B) General Motors selling a number of variants such as Buick, Cadillac, Chevrolet, GMC, Opel, Vauxhall, and Holden for the American market C) McDonald's opening multiple fast-food outlets in several cities around the world D) Crompton Greaves expanding its market share by creating new products like domestic grain grinders for a newly acquired Asian market
When the auditor uses the audit procedure vouching she is primarily concerned with which of the following audit objectives when testing classes of transactions?
A) occurrence B) completeness C) authorization D) classification