Which of the following statements about market signaling is correct?
1.The organization releases information about a new product generation.
2.The organization limits a challenger's access to the best source of raw materials or labor.
3.The organization announces that it is fighting a new process technology.
4.The organization makes exclusive arrangements with the channels.

• A.2 and 4 only
• B.1 and 3 only
• C.1 and 4 only
• D.2 and 3 only

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The entity has a fixed assets balance of:

• A.US $0
• B.US $16
• C.US $58
• D.US $64

Correct Answer: C

Total assets given as US $100) equals the sum of cash given as US $10), accounts receivable US $26), inventory, and fixed assets. Inventory can be determined because it is included in current, but not quick, assets, and the current and quick ratios are known.
Current assets equal US $42 1.4 current ratio x $30 current liabilities), and the quick assets equal US $36 1 2 quick ratio = $30 current liabilities). Thus, inventory, which is the only difference in this question between current and quick assets, equals US $6 $42 -$36). Fixed assets must then equal US $58 $100 total assets - $10 cash - $26 accounts receivable - $6 inventory).

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An internal audit activity is piloting a data analytics model, which aims to identify anomalies in payments to vendors and potential fraud indicators. Which of the following would be the most appropriate criteria for assessing the success of the piloted model?

• A.The feedback of auditors involved with developing the model.
• B.The number of criminal investigations initiated based on the outcomes of the model
• C.The development and maintenance costs associated with the model
• D.The percentage of cases flagged by the model and confirmed as positives.

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The use of teams in total quality management (TQM) is important because:

• A.Well-managed teams can be highly creative and are able to address complex problems better than individuals can.
• B.Teams are quicker to make decisions, thereby helping to reduce cycle time.
• C.Employee motivation is higher for team members than for individual contributors.
• D.The use of teams eliminates the need for supervision, thereby allowing a company to become leaner and more profitable.

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A tax is regressive if:

• A.Individuals with higher incomes pay a higher percentage of their income in tax.
• B.The burden for payment falls disproportionately on lower-income persons.
• C.Individuals pay a constant percentage in taxes, regardless of income level.
• D.Individuals with lower incomes pay a lower percentage of their income in tax.

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