When writing a business memorandum, the writer should choose a writing style that achieves all of the following except:

• A.Develops ideas without overstatement.
• B.Treats all receivers with respect.
• C.Suits the method of presentation and delivery.
• D.Draws positive attention to the writing style.

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Which of the following statements pertaining to a market skimming pricing strategy is not true?

• A.The strategy is favored when there is insufficient market capacity and competitors cannot increase market capacity.
• B.The strategy is favored when buyers are relatively insensitive to price increases.
• C.The strategy is favored when high price is perceived as high quality.
• D.The strategy is favored when unit costs fall with the increase in units produced.

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If legal or regulatory standards prohibit conformance with certain parts of The IIA's Standards, the auditor should do which of the following?

• A.Conform with all other parts of The IIA's Standards and provide appropriate disclosures.
• B.Continue the engagement without conforming with the other parts of The IIA's Standards.
• C.Withdraw from the engagement.
• D.Conform with all other parts of The IIA's Standards; there is no need to provide appropriate disclosures.

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In creating a risk-based plan, which of the following best describes a top-down approach to understanding business processes?

• A.Identifying the processes at the activity level.
• B.Identifying the risks affecting the organization, the objectives, and then the processes concerned.
• C.Analyzing the organization's objectives and identifying the processes needed to achieve the objectives.
• D.Analyzing the organization's strategic plan where the business processes are defined.

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An organization had a gross profit margin of 40 percent in year one and in year two. The net profit margin was 18 percent in year one and 13 percent in year two.
Which of the following could be the reason for the decline in the net profit margin for year two?

• A.Cost of sales increased relative to sales.
• B.The organization had a higher dividend payout rate in year two.
• C.Total sales increased relative to expenses.
• D.The government increased the corporate tax rate.

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I think the right answer is D

Lan  

Jul 05, 2023