If a wealthy client with no children wishes to leave $500,000 to the local chapter of American Red Cross, that client may want to create:

If acceptable audit risk is set at low and the assessed risk of material misstatement is high, then detection risk must be:

A) High. B) Moderate. C) Low. D) Cannot determine detection risk from the information given.

Which of the following is a type of differentiation advantage?

A) service advantage B) market share advantage C) channel advantage D) operating cost advantage E) product line advantage