Opportunity in the fraud triangle arises from:
A) weak control environment.
B) improper segregation of duties.
C) improper access to assets.
D) all of the above.
D
Business
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Perfect competition is characterized by perfect information, no barriers to entry, and ________
A) limited buyers B) no monopolies C) limited sellers D) heterogeneous products
Business
Refer to Camey Construction. How should Camey report Construction in Progress and Billings on Construction in Progress at the end of year 1 on the balance sheet assuming the use of the percentage-of-completion method?
A) asset of $0 B) liability of $120,000 C) asset of $1,500,000 D) liability of $2,000,000
Business