A useful way to distinguish between goods and services is to place them on a continuum from ____________ to ____________

a. practical; impractical
b. tangible-dominant; intangible-dominant
c. low; high
d. reliable; unreliable
e. prepared; unprepared

b

Business

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All organizations use one standardized budgeting process

Indicate whether the statement is true or false

Business

Which of the following auditor concerns most likely could be used so serious that the auditor concludes that a financial statement audit cannot be conducted?

a. The entity has no formal written code of conduct. b. The integrity of the entity's management is suspected. c. Procedures requiring segregation of duties are subject to management override. d. Management fails to modify prescribed controls for changes in conditions

Business