Audit evidence consists of both information that corroborates management's assertions and information that contradicts such assertions

The financial ratio measured as the price per share of stock divided by earnings per share is known as the:

A. return on assets. B. return on equity. C. debt-equity ratio. D. price-earnings ratio. E. DuPont identity

Intel's focus on designing complex, expensive microprocessors for PCs enabled competitors to develop cheaper chip sets for non-PC electronics devices. In the strategic intent model of competitive advantage, this is an example of:

A) building layers of advantage. B) loose bricks. C) changing the rules of engagement. D) collaborating. E) none of the above