Which of the following should be assumed about a project that requires a $100,000 investment at time-period zero, then returns $20,000 annually for five years?

According to the text, each of the following is a main purpose for performing audit procedures except:

A) To obtain an understanding of the entity and its environment. B) To test the operating effectiveness of controls. C) To develop recommendations for the control system. D) To detect material misstatements in the financial statements.

Most cities have a variety of fast-food restaurant franchises . The proximity of these restaurants to densely populated neighborhoods and high-traffic shopping areas illustrates the importance of the ________ factor for equipment-based services

A) operational B) search C) locational D) augmentation E) supply