Which of the following statements is true of external auditing?
a. Major focus areas are processes, including risks, controls, and effectiveness and efficiency of processes.
b. External auditors perform both assurance and consulting services for public companies.
c. Primary scope of services performed includes audits of financial statements.
d. The primary client for a public company is upper management.
c
Business
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Lynn owns a life policy that guarantees the right to renew the policy each year, regardless of health, but at an increased premium. What kind of policy is this?
A) Universal life B) Renewable whole C) Renewable term D) Endowment
Business
The first step in the business-to-business purchase decision is:
A) need recognition. B) establishment of specification. C) source identification. D) proposal evaluation.
Business