Money serves as a status symbol in which of the following examples?
A. The CEO has a salary of over $3 million.
B. The clerk is paid minimum wage plus tips.
C. The owner of the business keeps profits but has no salary.
D. The manufacturing worker is paid for each item he produces.
A. The CEO has a salary of over $3 million.
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PCAOB standards state that the relevance of audit evidences depends on all but which of the following?
a. whether the audit procedure is designed to directly test an assertion b. whether the audit procedure is designed to test for an understatement or overstatement c. the auditors risk assessment d. the timing of the audit procedure
Starbucks is one of the best known coffeehouse chains in the world. Each store sells a variety of innovative products to complement the array of coffee choices available
However, over half of the current stores are located in the United States and the expensive nature of the coffee leaves Starbucks vulnerable to changes in consumer spending behavior (such as recessions). Starbucks has begun initiatives to sell its specialty coffee beans for home use, presenting a chance for a large increase in revenue and diversification. However, Starbucks faces fierce competition seeking a piece of its lucrative market share and the threat of consumer behavior changes, given its reputation rides on a singular product. Perform an SWOT analysis for Starbucks.