What would be a reason for using a workstation rather than a personal computer?
A) When you need more powerful computational abilities
B) When you need to access a network
C) When you need to serve applications and data to client computers
D) When you need to share resources
E) When you need to connect to a cloud computing platform
A
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Which of the following is the correct formula to calculate average merchandise inventory?
A) Average merchandise inventory = (Beginning merchandise inventory - Ending merchandise inventory) / 2 B) Average merchandise inventory = (Beginning merchandise inventory x Ending merchandise inventory) / 2 C) Average merchandise inventory = (Beginning merchandise inventory / Ending merchandise inventory) / 2 D) Average merchandise inventory = (Beginning merchandise inventory + Ending merchandise inventory) / 2
Why do the managers of a corporation hire independent auditors?
A. To guarantee annual and quarterly financial statements. B. To handle some personnel issues and problems. C. To audit and report on the fairness of financial statement presentation. D. To lobby the FASB for changes in generally accepted accounting principles.