Internal auditors are responsible to
A) the board of directors.
B) management.
C) both A and B.
D) neither A nor B.
C
Business
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The purpose of the Truth-in-Lending Act (Regulation Z) is to:
A. Set the maximum interest rate. B. Set the minimum interest rate. C. Inform borrowers the true cost of obtaining credit. D. Disclose to the borrower loan closing costs.
Business
Which of the following is true of the word "variance" in analysis of variance?
A) It refers to differences between standard deviations. B) It is misleading. C) It is used to determine significance. D) It refers only to within variance. E) It is used because the test is designed to determine the differences between more than 4 variances.
Business