An organization that has an antiquated accounting information system has more ________ risk than an organization that has a more advanced system
A) control
B) detection
C) inherent
D) investing
Answer: A
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Carl had a contract to deliver 600 yards of carpeting to Renovator for installation in an office complex. Three days before the delivery date, Carl called to say that he would not be able to deliver the carpeting "any time in the near future." Assume that Carl learns that he can procure the needed carpeting after all and wants to reinstate the contract. What rights does Carl have in these circumstances?
a. Carl has an absolute right to retract the repudiation anytime before the performance date. b. Carl is bound by his repudiation and may not retract it under any circumstances. c. Carl may retract the repudiation unless Renovator has indicated that he is treating it as final d. Carl may retract the repudiation at will but must be acting in good faith.
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Indicate whether the statement is true or false