A review has substantially less scope than an examination in accordance with generally accepted auditing standards

Indicate whether the statement is true or false

T

Business

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Oscar is on a tight budget so he uses the consumer promotions that will give him the best price for products he buys. Oscar is a ________ consumer

A) promotion prone B) brand loyal C) price sensitive D) shopper prone

Business

Lewis, an employee of Silos, Inc, makes a substantial mathematical error in totaling the estimated costs for a project for which AgriCo-op is seeking bids. Consequently, Silos's bid is significantly low. Refer to Fact Pattern 14-2. Any contract with AgriCo-op that includes the mistake may be rescinded A) if AgriCo-op knew or should have known of the mistake

B) if Lewis's supervisor did not know of the mistake. C) if Silos knew or should have known of the mistake. D) under no circumstances.

Business