Which of the following is considered an operating budget?
A. The prepayments budget.
B. The debt service budget.
C. The customer service budget.
D. The capital expenditures budget.
C
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Which of the following conditions most likely would pose the greatest risk in accepting a new client engagement?
a. Staff will need to rescheduled to cover this new client b. There will be a client-imposed scope limitation c. The firm will have to hire a specialist in one audit area d. The client's financial reporting system has been in place for 10 years
Which of the following should be done by a company planning to internationalize when it assesses market industry potential?
A) take action to eliminate deficiencies in the firm B) determine the most desirable attributes in foreign business partners C) develop a 3- to 5-year forecast of industry sales for each target market D) determine how products or services may need to be adapted for each market