Describe three or more businesses or industries that created convenience breakthroughs, historically
What will be an ideal response?
A number of examples were discussed in the chapter including Jiffy-Lube-type oil change businesses, supermarkets offering prepared meals, pizza delivery, mobile restaurants, etc. Other examples would be acceptable answers if they demonstrate a breakthrough in customer convenience.
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Which of the following is NOT a typical responsibility for an associate/staff level auditor?
A) Assisting in the development of the audit plan. B) Performing the audit procedures assigned to them. C) Preparing adequate and appropriate documentation of completed work. D) Informing the senior about any auditing or accounting problems encountered.
(I) The primary issuers of capital market securities are federal and local governments, and corporations. (II) Governments never issue stock because they cannot sell ownership claims
A) (I) is true, (II) false. B) (I) is false, (II) true. C) Both are true. D) Both are false.