Only unfavorable variances should be investigated, if substantial, to determine their causes

Municipal general obligation bonds are _______. Municipal revenue bonds are _______.

A) supported by the municipal government's ability to tax; supported by the municipal government's ability to tax B) supported by the municipal government's ability to tax; supported by revenue generated from the project C) always subject to federal taxes; always exempt from state and local taxes D) typically zero coupon bonds; typically zero¬ coupon bonds

A retailer is concerned about the degree of integration of its overall strategy. While the retailer prices goods above the market, customer service is uneven and, at times, the parking lot is inadequate

What type of retail audit should the retailer pursue? a. nondisguised audit b. vertical audit c. disguised audit d. horizontal audit