The multi-car discount is based on the assumption that
A) two cars owned by the same person will not be driven as frequently as one car.
B) multiple vehicle owners are safer drivers.
C) owners of more than one vehicle are more likely to be financially responsible.
D) lower liability limits are needed if there are multiple autos insured.
Answer: A
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Auditors may use positive or negative forms of confirmation requests. An auditor most likely will use
a. The positive form to confirm all balances regardless of size b. The negative form for small balances c. A combination of the two forms, with the positive form used for trade balances and the negative form for other balances d. The positive form when the assessed risk of material misstatement is acceptably low and the negative form when it is unacceptably high
In general, which is more effective in "closing" the sale?
a. advertising b. personal selling c. selling promotion d. a, b, and c are equally effective