A firm has an issue of preferred stock outstanding that has a par value of $100 and a 4% dividend. If the current market price of the preferred stock is $50, the yield on the preferred stock is ________

An internal auditor determines that the process is not designed adequately to reduce the underlying risks to an acceptable level. Which of the following should the internal auditor do next?

a) Postpone the engagement until the design inadequacy has been rectified. b) Test the existing key controls anyway to prove that, despite the design inadequacy, the process is still meeting the process objectives. c) Test compensating controls in other (adjacent) processes to see if the impact of the design inadequacy is reduced to an acceptable level. d) Write the audit report. There's no reason to test the operating effectiveness of controls that are not designed adequately.

The 1974 model Eldorado is a three-ton behemoth with a 500-cubic-inch engine that is long on style but short on gas mileage

During its five-year development process no one could possibly have anticipated that gas prices would go through the roof in 1973, making it far more expensive to operate and subsequently less attractive to a gas-price-conscious public. Design engineers scrambled to change the car in the last few months leading up to its debut, adding a slimmed down version with a smaller engine. All of the design overtime meant that the project budget took a big hit though, thanks to: A) The initial low estimate. B) The unexpected technical difficulties. C) This external factor. D) The lack of definition.