Performing a Post-Audit Is Important Because

question 65

Multiple Choice

Performing a post-audit is important because

• A) managers will be more likely to submit reasonable data when they make investment proposals if they know their estimates will be compared to actual results.
• B) it provides a formal mechanism by which the company can determine whether existing projects should be terminated.
• C) it improves the development of future investment proposals because managers improve their estimation techniques by evaluating their past successes and failures.
• D) all of these.

Analyze the role of exchange rates in trade balance and how they affect trade surplus or deficit.

Evaluate the principles guiding the international trade according to comparative and absolute advantage theories.

Determine the impact of specialization and trade on production and consumption of goods between countries.

Identify terms of trade that benefit both countries involved in trade.

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Definitions:

Subscription Service

A business model where customers pay a recurring price at regular intervals for access to a product or service.

Cognitive Surplus

The collective time and talents available to humanity, particularly as it relates to engaging in collaborative activities utilizing digital technologies.

Collaborative Consumption

The coordinated sharing or exchange of goods and services through digital platforms or community-based practices, leveraging technology to facilitate peer-to-peer borrowing and lending.

Private Ownership

The legal ownership of assets or property by individuals or corporations, as opposed to public or government ownership.