It may make sense for the government to subsidize a domestic industry or to tax imports of a good if that good is deemed to be strategically important for the country's economy or national security.
Some reasons for a government to subsidize a domestic industry or to tax imports of a certain good are:
Protecting Strategic Industries: If a particular industry is deemed to be strategically important, such as the defense industry or critical infrastructure like telecommunications, the government may choose to subsidize it or tax imports of similar goods to protect it from foreign competition. This can help to ensure that the country has the necessary capabilities to meet national security needs or maintain critical infrastructure.Addressing Market Failure: In some cases, market failures can occur when the market fails to allocate resources efficiently, such as in the case of negative externalities like pollution or when a particular industry experiences significant economies of scale. In these cases, the government may choose to subsidize a domestic industry or tax imports to address these market failures and promote efficient resource allocation.However, it is important to note that government interventions like subsidies and taxes can have unintended consequences, such as distorting market signals and creating inefficiencies. Therefore, it is crucial for governments to carefully evaluate the costs and benefits of such interventions before implementing them.
See more about tax imports at https://brainly.com/question/29786130.
#SPJ11
explain demand of money
Answer:
In monetary economics, the demand for money is the desired holding of financial assets in the form of money: that is, cash or bank deposits rather than investments. It can refer to the demand for money narrowly defined as M1 (directly spendable holdings), or for money in the broader sense of M2 or M3.
Explanation:
compared to digital markets, traditional markets have: group of answer choices stronger network effects. higher delayed gratification effects. reduced asymmetry. higher transaction costs. lower search costs.
Compared to digital markets, traditional markets have higher transaction costs.
Traditional markets generally involve higher transaction costs due to various factors. In traditional markets, physical presence is often required for buying and selling goods or services, which can involve costs such as transportation expenses. Additionally, traditional markets may involve higher overhead costs for maintaining physical stores or infrastructure. On the other hand, digital markets offer the advantage of lower transaction costs as they eliminate the need for physical presence and enable online transactions that can be conducted remotely. Digital markets also benefit from lower search costs as online platforms provide easy access to product information and comparison tools. While traditional markets may have their strengths, such as established networks or delayed gratification effects, in terms of transaction costs, digital markets tend to offer greater efficiency and cost-effectiveness.
To know more about , transaction costs, click here https://brainly.com/question/31626620
#SPJ11
use this info for the next five questions: disney ford standard deviation 25.0% 32.0% beta 1.25 0.98 which of the above stock would you recommend for a well-diversified investor and why?
A well-diversified investor aims to reduce the risk of their investment portfolio by investing in a variety of assets, including stocks.
When selecting stocks to include in a diversified portfolio, it is important to consider factors such as the standard deviation and beta.
Standard deviation is a measure of a stock's volatility.
The higher the standard deviation, the more volatile the stock is likely to be. In this case, Disney has a lower standard deviation than Ford, which means it is less volatile.
Beta is a measure of a stock's sensitivity to market movements.
A beta of 1 means that the stock moves in line with the market, while a beta greater than 1 indicates that the stock is more volatile than the market.
In this case, Disney has a higher beta than Ford, which means it is more sensitive to market movements.
Know more about investors here:
https://brainly.com/question/25311149
#SPJ11
Air max 270's or Jordan 1 Mid's?
Air max 270's
they make me taller than Jordan 1 Mid's, and since im a short dude, I lowkey need that extra inch.
Policy
for implementing electronic health records
Before a project starts, project managers and stakeholders agree on policies and guidelines for when change requests will be received as well as guidance on what types of change requests should be approved(rejected). Set your policy for managing change requests for the case project.
The policy for managing change requests in the case project should include clear guidelines for submitting and evaluating change requests, as well as criteria for approving or rejecting them.
In order to effectively manage change requests in the implementation of electronic health records, it is important to establish a policy that outlines the process and criteria for handling such requests. This policy should define the steps for submitting change requests, including the required documentation and the designated individuals or department responsible for reviewing them.
The policy should also establish guidelines for evaluating change requests, taking into consideration factors such as the impact on project scope, timeline, budget, and overall objectives. Criteria for approving or rejecting change requests should be clearly defined, ensuring that decisions are based on their alignment with project goals, feasibility, and the availability of resources.
Additionally, the policy should include provisions for effective communication and collaboration among stakeholders. It should outline the channels through which change requests are communicated, how feedback and decisions will be shared, and how potential conflicts or disagreements will be addressed.
By having a well-defined policy for managing change requests, the project team can ensure that all requests are systematically evaluated and prioritized based on their impact and alignment with project objectives. This helps maintain project focus, minimizes scope creep, and ensures that changes are implemented in a controlled and effective manner.
Learn more about project goals.
brainly.com/question/12069887
#SPJ11
Value of a mixed stream Harte Systems, Inc., a maker of electronic survillance equipment, is considering selling the rights to market its home security system to a well-known hardware chain. The proposed deal calls for the hardware chain to pay Harte $28 comma 000 and $23 comma 000 at the end of years 1 and 2 and to make annual year-end payments of $18 comma 000 in years 3 through 9. A final payment to Harte of $30 comma 000 would be due at the end of year 10. a. Select the time line that represents the cash flows involved in the offer.
Answer:
a. Select the time line that represents the cash flows involved in the offer.
NCF1 = $28,000
NCF2 = $23,000
NCF3 = $15,000
NCF4 = $15,000
NCF5 = $15,000
NCF6 = $15,000
NCF7 = $15,000
NCF8 = $15,000
NCF9 = $15,000
NCF10 = $30,000
If you want to compare this set of cash flows to another offer, you will need to calculate the present value first. E.g if you use a 12% discount rate, the PV of these cash flows = $107,570.
What is the answer ??? 10 points
Answer:
Initial payments includes a higher amount of money being paid upfront so the amount borrowed is less.
Explanation:
A down-payment is the initial cash payments that a borrower makes when they want to borrow money to finance the purchase of an expensive good or service. The down-payment is expressed as a percentage of the total amount to be borrowed. Because the nonpayment is paid in cash, it reduces the loan amount. A down-payment reduces the lender's risk enabling them to offer loans at lower interest rates
Identify two other examples of products which might be sold directly to retailers rather than using a wholesaler
There are many products that may be sold directly to retailers without going through a wholesaler. The first example that comes to mind is luxury goods. High-end fashion brands such as Gucci, Prada, and Louis Vuitton often have exclusive retail stores where they sell their products directly to customers.
These stores may also sell to other retailers who want to stock their products, but they typically have a direct relationship with the brand and don't require the services of a wholesaler.Another example of products that may be sold directly to retailers is niche or specialized products. These could include items such as handmade crafts, specialty food products, or unique home decor items. These products may be produced by small businesses or artisans who prefer to have a direct relationship with their customers and avoid the markup that comes with using a wholesaler. In some cases, these products may only be available through the retailer who has a direct relationship with the producer.
In conclusion, luxury goods and niche or specialized products are two examples of products that may be sold directly to retailers without using a wholesaler. While these products are quite different, they share the common feature of being produced by companies or individuals who prefer to have a direct relationship with their customers.
To know more about products visit:
brainly.com/question/31859289
#SPJ11
A ______ allowance is a payment made by a manufacturer to get new products into stores or to gain more shelf space in retail stores for their products
A slotting allowance is a payment made by a manufacturer to get new products into stores or to gain more shelf space in retail stores for their products.
This payment is usually made to retailers or wholesalers as an incentive to stock the manufacturer's products, especially when they are new to the market or face significant competition. Slotting allowances are controversial, as they can create barriers to entry for small firms and limit consumer choice. However, some argue that they are necessary to cover the costs associated with introducing new products or ensuring adequate product placement in stores.
Learn more about manufacturer
https://brainly.com/question/14275016
#SPJ4
refer to the table above. if the required reserve ratio for bank a changed to 10 percent how much more in loans could the bank give out
If the required reserve ratio is 10 percent this means that banks must hold 10 percent of their deposits as required reserves. If deposits are $20 million, then $2 million ($20 million x . 10) must be held as required reserves.
If the required percentage of reserves is 10%, the money supply reserve multiplier is 10 and the required amount of reserves should be 10 times the money supply. If a bank's reserve requirement is 10%, it can lend out 90% of its deposits. The deposit multiplier states that if the reserve requirement is 10%, banks must hold 10% of all deposits in reserve but can generate money and boost the economy by lending out the remaining 90%. In other words, the bank can lend out $90 of a $100 deposit while keeping $10 in reserve. The amount of deposits that may be sustained by a certain level of reserves decreases as the (reserve requirement) ratios rise.
To learn more about deposits click the link below:
brainly.com/question/22697743
#SPJ4
[Quality of Services Marketing]
1. Which of the following is an example of a B2B internet service? [Answer: Tech Support]
2. Many companies have sophisticated tracking software [Answer: Critical incident technique]
3. Which of the following is not a characteristic of a service? [Answer: Reliability]
4. What is the encounter between service-consumer that occurs during delivery of the service is known as? [Answer: Experince qualities]
5. Your local credit union offers a variety of services to its members [Answer: Fresh-baked cookies and gourmet cookies]
6. The measure of the difference between a customer's expectation [Answer: Gap analysis]
7. Shepherd University is launching new services to attract more students [Answer: Bachelor's degrees]
8. A large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy. [Answer: Offering free coffee tastings]
9. John always takes his car to the same place for an oil change. [Answer: Augmented]
10. Which of the following is not a service of quality attribute? [Answer: Response qualities]
- You can thank me by thanking my previous answers, would be very appreciated -
All of your answers are correct.
The questions given and their appropriate responses can be seen below:
1. Tech Support is an example of a B2B internet service.
2. Many companies have sophisticated tracking software - Critical incident technique.
3. Reliability is not a characteristic of a service.
4. Experience qualities is the encounter between service-consumer that occurs during delivery of the service
5. Your local credit union offers a variety of services to its members such as Fresh-baked cookies and gourmet cookies.
6. Gap analysis is the measure of the difference between a customer's expectation.
7. Shepherd University is launching new services such as Bachelor's degrees to attract more students.
8. Offering free coffee tastings is a large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy.
9. John always takes his car to the same place for an oil change - Augmented
10. Response qualities is not a service of quality attribute.
What is Service marketing?This is defined as the marketing that businesses that provide a service to their customers use to increase brand awareness and sales.
The answers to the questions given can be seen appropriately given above.
Read more about Services Marketing here https://brainly.com/question/6474788
Emotional intelligence refers to the capacity for monitoring our own feelings and those of others, along with motivating ourselves and managing our emotions. (T/F)
Emotional intelligence refers to the capacity for monitoring our own feelings and those of others, along with motivating ourselves and managing our emotions - True
Emotional intelligence (EI) is the potential to recognize, comprehend, express, manage, and make use of emotions in interpersonal interactions and communication. As important as it is to be able to express and regulate one's emotions, it is also crucial to be able to comprehend, and react to the emotions of others.
Emotional intelligence requires empathy, or the effective capacity to understand the feelings of others. High emotional intelligence people are easily able to utilize their emotions to help them concentrate and think critically, which helps them achieve their goals. The ability to perceive, use, interpret, and effectively control one's feelings and emotions is the most typical definition of emotional intelligence
Read more about Emotional intelligence on:
https://brainly.com/question/17733181
#SPJ4
Bina Co. purchased a vehicle on January 1st for $15,000 and estimates it will use the vehicle for eight years with a $3,000 salvage value. Using the double
declining-balance depreciation method, compute the vehicle's second year depreciation expense.
O $3,750.00
O $3,000.00
O $2,812.50
O $2,250.00
Using the double declining-balance depreciation method, the vehicle's second year depreciation expense is: $2,812.50.
Second year depreciation expense
First step is to calculate the first year depreciation expense
First year depreciation expense=15,000×(100%/8 x 2)
First year depreciation expense=15,000 x 25%
First year depreciation expense=3,750
Second step is to calculate Second year depreciation expense
Second year depreciation expense = (15,000-3750) x 25%
Second year depreciation expense=11,250x 25%
Second year depreciation expense =2812.50
Therefore Using the double declining-balance depreciation method, the vehicle's second year depreciation expense is: $2,812.50.
Learn more about Second year depreciation expense here:https://brainly.com/question/25806993
#SPJ1
Which of these would be most likely to be included in CPI
Answer:
Frozen Pizzas
Explanation:
Info from the video:
"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."
Frozen pizza is an expenditure that could be bought by individuals and families in a household.
Guero brought his proposal to poté before the meeting saying, "i’m sure you have some ideas on this, and we could try to get them incorporated upfront. " which influence tactic is guero using?.
The influence tactic that Guero is using, when he takes his proposal to Pote before the meeting started and asked for their ideas, is called the Consultation influence tactic.
What are influence tactics?Influence tactics refer to the various ways that a leader can use to influence the beliefs, and behavior of their employees and subordinates. In other words, influence tactics allow for a leader to be able to change the values and attitudes that their employees hold, ideally for the better of the organization and to make the employees more driven.
There are three main types of influence tactics which include:
inspirational appealconsultation appeal rational appeal
With consultation appeal, the leader seeks input from their employees and then adds this input into what they are doing. This is what Guero did with Pote when he asked for ideas and for incorporating those ideas.
Find out more on influence tactics at https://brainly.com/question/13931577
#SPJ1
Which tasks would be performed by someone in an Administration and Information Support career?
analyzing information to predict future sales and supervising others
answering telephone calls and filing paperwork
training employees and administering employee benefits
hiring and firing employees and approving budgets
Answer:
B. Hope this helps my friend!
Explanation:
Answer:
anwer is B
Explanation:
Market research has produced the following estimates of cross elasticity of demand.
Branded cola and branded iced tea +1.5
Branded cola and own label cola +0.5
a Explain what these estimates mean and their business significance for sales of branded cola when the price of branded iced tea and own label cola increase by 20%.
b Using diagrams, explain how the market is likely to be affected by:
i A substantial cut in the price of branded ice tea.
ii A substantial increase in the price of branded cola.
a) The cross elasticity of demand measures the responsiveness of the demand for one product to a change in the price of another product.
b) i) A substantial cut in the price of branded ice tea would likely result in a decrease in the demand for branded cola as consumers switch to the cheaper substitute.
ii) A substantial increase in the price of branded cola would likely result in a decrease in the demand for branded cola, as consumers switch to other substitute products.
Elasticity refers to the measure of the responsiveness of a product's demand or supply to changes in price, income, or other factors that affect market conditions. The degree of elasticity is determined by how much a change in one variable affects the other variable. If a product's demand is elastic, it means that a small change in the price of the product will have a significant impact on the demand for it.
On the other hand, if the demand is inelastic, it means that a change in price will not have a significant impact on the demand for the product. Similarly, if a product's supply is elastic, it means that a small change in price will result in a significant change in the quantity supplied, whereas if the supply is inelastic, the change in price will not have much effect on the quantity supplied.
To learn more about Elasticity visit here:
brainly.com/question/30610639
#SPJ4
Which of the following correctly indicates a potential path for the transmission of expansionary monetary policy to the goods and services market?
a. A reduction in the general level of prices will increase the disposable income of households and aggregate demand.
b. Higher interest rates will tend to increase asset prices, leading to a decrease in wealth that will decrease consumer spending and aggregate demand.
c. Lower interest rates lead to a depreciation in the foreign exchange value of the dollar, an increase in net exports, and an expansion in aggregate demand.
d. Higher real interest rates will lead to a decrease in both business investment and consumer purchases of durable items, causing a decrease in aggregate demand
Correct c. Lower interest rates lead to a depreciation in the foreign exchange value of the dollar, an increase in net exports, and an expansion in aggregate demand.
When the risk-free interest rate, which is normally set by a central bank, is lower than the historical average over an extended period of time, it is said to be in a low interest rate environment. The interest rate on Treasury securities often serves as a benchmark for the risk-free rate in the United States. By making it more affordable to borrow money to support investments in both physical and financial assets, low interest rate environments are intended to promote economic growth. Negative interest rates are a unique type of low interest rate. Because depositors are required to pay the central bank (and occasionally private banks) to store their money, rather than getting return on their deposits, this sort of monetary policy is unorthodox.
learn more about Lower interest rates here:
https://brainly.com/question/17152667
#SPJ4
Line item-based systems requires you to create a different permutation for every bidding scenario, which limits the amount of time you can spend on optimizing.
Yes, that's correct. Line item-based systems can be very time-consuming and require a lot of effort to set up.
Line item-based systems require you to create a different permutation for every bidding scenario, which can be time-consuming and complex. This process ultimately limits the amount of time you can spend on optimizing your bids and strategizing for better results. In other words, the more permutations and combinations you have to manage, the less time you can allocate to analyzing performance data and making informed decisions to improve your bidding strategy. Because each bidding scenario is different, you have to create a unique permutation for each one, which can limit the amount of time you have to spend on optimizing. This can be a real challenge, especially if you're working with a large amount of content. However, there are strategies you can use to help streamline the process and make it more efficient, such as using automation tools or working with a team to divide up the workload. Ultimately, it's important to find a balance between creating effective permutations and optimizing your time and resources.
To know more about Bidding visit:
https://brainly.com/question/28436717
#SPJ11
win corporation and mr. yang formed a partnership in which yin is the general partner and yang is a limited partner. yin contributed $400,000 cash, and yang contributed a building with a $500,000 fmv and $300,000 tax basis. the partnership immediately borrowed $600,000 of recourse debt
As per the given information, Win Corporation and Mr. Yang formed a partnership, in which Yin is the general partner and Yang is the limited partner. Therefore, the building had a built-in gain of $200,000. Yang's tax basis in his partnership interest is $500,000.
Yin contributed $400,000 cash, and Yang contributed a building with a $500,000 FMV and $300,000 tax basis. The partnership immediately borrowed $600,000 of recourse debt.Yan's tax basis in his partnership interest after the contribution of the building is $500,000.A limited partner in a partnership may contribute any kind of asset to the partnership. The tax basis of the property or assets contributed to the partnership is its initial cost.
A partner's tax basis in a partnership interest is computed as the sum of all amounts paid into the partnership (i.e., cash, property, or services) plus the partner's share of any partnership debt. If the partner receives a distribution of partnership assets, the partner's basis is decreased by the amount of the distribution.In this case, Yang contributed a building with a fair market value of $500,000 and a tax basis of $300,000.
Learn more about partnership accounting and capital structure here:https://brainly.com/question/13171000
#SPJ11
Your older sister is planning on saving money by paying her bills, spending money on fun, and then saving whatever is leftover. Why is this not the best option for saving her money?
Answer:
spend money on bills first then food then save the leftover money for later
The results for conventional and activity-based costing (abc) computations will be the same as long as:_________
The effects of conventional and activity-based costing (ABC) computations might be similar to long as traditional costing.
Activity-based costing (ABC) is a technique of assigning overhead and indirect expenses—consisting of salaries and utilities—to services and products. The ABC system of fee accounting is based totally on activities, which might be considered any occasion, unit of work, or challenge with a specific purpose.
With interest-based costing, occasionally known as ABC, organizations account for charges via categorizing the supply of the price into one in all four standard companies: unit-based, batch-based, product-based totally, and facility-primarily based fees. pastime-primarily based costing (ABC) is a gadget you can use to discover manufacturing charges. It breaks down overhead costs between production-associated activities. The ABC device assigns charges to each interest that is going into manufacturing, which includes workers testing a product.
ABC is a systematic, cause-and-impact approach to assigning the price of activities of products, offerings, customers, or any cost object. ABC is based totally on the precept that 'merchandise consumes sports. ' conventional value systems allocate costs based totally on direct hard work, fabric fees, revenue, or different simplistic techniques.
Learn more about activity-based costing here:
https://brainly.com/question/6654166
#SPJ4
T/F investors demand higher expected rates of return on stocks with more variable rates of return.
The statement investors demand higher expected rates of return on stocks with more variable rates of return is false because investors want greater anticipated rates of return on equities that are more closely associated with the return on their investment in the market (or other macroeconomic risk variables).
In general, the risk increases as the possible reward increases. For instance, because there is no payback date or specified rate of return like there is with fixed-income products like bonds, stock investors anticipate a pretty high rate of return. Although there is a potential that high-risk investments can yield greater returns than other types, they also carry a greater danger to your capital. In other words, if everything works well, high-risk investments might result in huge rewards.
To learn more about demand, click here.
https://brainly.com/question/30402955
#SPJ4
Briefly explain the normalization process. Explain why the
highest normal form not always the best solution?
Answer:
Normalization is the process of removing non-recurring expenses or revenue from a financial metric.
In the highest normal forms, the performance degrades hence they are not always the best solution.
Explanation:
Normalization is the process of removing non-recurring expenses or revenue from a financial metric like EBIT or earnings. Once earnings have been normalized, the number which remains off represents a future earning capacity that a buyer would expect from the business.
In the highest normal forms, the performance degrades. Careless data decomposition often leads to data loss. Even to decompose into higher normalization forms, it is a time-consuming process. There are more tables to join, the need to join these tables increases and the task becomes more tedious. It even makes the database harder to interpret as well.
To learn more about normalization-
https://brainly.com/question/15776793
In the cpi, goods and services are weighted according to.
Answer:
A consumer price index (CPI) is usually calculated as a weighted average of the price change of the goods and services covered by the index.
Explanation:
The weights are meant to reflect the relative importance of the goods and services measured by their shares in total consumption of household.
Suppose a coffee's price is $5, and the marginal cost for each coffee shop is given by MC= Q. Moreover, suppose that 1 million coffees are sold.
How many coffee shops will exist in the long run?
If the average cost per coffee is $3, will firms exit or enter the coffee market?
What is the average cost per coffee in the long run?
Given a coffee price of $5 and the marginal cost for each coffee shop is given by MC = Q. Suppose that 1 million coffees are sold. If the average cost per coffee is $3, then the firms will exit the coffee market since the average cost is greater than the price of a coffee.
For firms to continue operating and be profitable, the average cost per coffee must be less than the price of a coffee. Since the average cost per coffee is $3 and the price of a coffee is $5, then the firms will exit the coffee market.In the long run, the average cost per coffee in the coffee market will decrease.
This is because when firms exit the market, the supply of coffee decreases, resulting in an increase in the price of coffee. With a higher coffee price, the firms still operating in the coffee market will make more profits, and new firms will enter the coffee market.
As a result, the supply of coffee increases, which results in a decrease in the coffee price. The cycle continues, leading to a decrease in the average cost per coffee.
To know more about marginal cost, refer to the link:
https://brainly.com/question/14923834#
#SPJ11
What would you do as CEO to support the goals of Japan Airlines during the challenging economics that airlines face? a. Call employees at any level in the organization ""partners"" and reward empowerment in decision making b. Give personal emails and phone calls to employees at any level in the organization and thank them for their hard work and service to the company c. Ask other senior-level executives to mingle with lower-level employees by having lunch in the cafeteria several times a week
Answer: b. Give personal emails and phone calls to employees at any level in the organization and thank them for their hard work and service to the company
Explanation:
It is said that appreciation is the application for more, when people are thanked, they often tend to go the extra mile to do their best for the organization, this in turn will build the work force that will push unity and effectiveness both as a team and individually and would rub off in theor services to their customers. Encouraging the workers would go a long way to improve the services of the airline.
There are dozens of laptop manufacturers around the world. According to the idea of efficient production, A. a competitive market would put most of the manufacturers out of business, leaving only a few companies to produce at the lowest possible cost. B. there should only be one laptop manufacturer, making the laptops with the lowest marginal cost. C. each company independently decides how many laptops to produce, and the marginal cost of the last unit produced will be the same for all companies. D. Government regulations will ensure that each company produces at the lowest marginal cost.
Option c: According to the idea of efficient production, option c. Each company independently decides how many laptops to produce, and the marginal cost of the last unit produced is the same for all companies.
Production is known to be a term that describes the act or process of creating or producing goods, products or services from raw materials or other forms/components.
Note that production takes inputs and uses them to produce outputs that are known to be suitable for consumption and tend to provide value to the end-user or customer.
Therefore, according to the concept of efficient production, option c applies. Each company independently determines how many laptops to produce, and the marginal cost of the last unit produced is the same for all companies.
To learn more about production, here:
https://brainly.com/question/14852091
#SPJ4
Which of the following summarizes the essence of field work standards of GAAS?
A. Quality of professionals that perform an audit
B. Criteria for judging the quality of audit work
C. Whether the auditor was independent in conducting the audit
D. Whether the auditor reviewed the client's financial statements for adherence to GAAP
The correct answer is B. Criteria for judging the quality of audit work.
How does GAAS define field work standards?The answer is B. Criteria for judging the quality of audit work. Field work standards of Generally Accepted Auditing Standards (GAAS) establish the criteria by which the quality of audit work is assessed.
These standards guide auditors in planning, executing, and documenting their work to ensure a high level of quality and reliability. The field work standards focus on factors such as sufficient evidence gathering, proper application of auditing procedures, adequate supervision and review, and professional skepticism.
By adhering to these standards, auditors aim to obtain reasonable assurance about the accuracy and integrity of financial statements, providing stakeholders with confidence in the reliability of the audit process and the resulting financial information.
Learn more about GAAS
brainly.com/question/30540659
#SPJ11
Polani was giving ahmed directions to her house. She told him to turn right at the gas station, and then go straight for three lights. He was then supposed to turn left at the fast-food restaurant. What is polani using to help ahmed recall the directions to her house?.
Based on the fact that Polani was using the gas station, lights, and the fast-food restaurants, the factor used to help Ahmed recall the directions were landmarks.
How to direct with landmarks?Directing a person with landmarks is one of the best and most effective ways to direct people. This is because landmarks are easily noticeable and so can be used as markers to help a person to navigate across town and reach their destination.
Polani used the landmarks, the gas station, street lights, and the fast-food restaurant. Getting to each of these places is easy because it is noticeable so Polani used landmarks to help Ahmed.
Find out more on giving directions at https://brainly.com/question/28108225
#SPJ1