Table 19-2 Sarita and Gabriel Own S&G Bakery

question 63

Multiple Choice

Table 19-2
$\begin{array}{|l|l|l|} \hline & \text { Pies } & \text { Cakes } \\\hline \text { Sarita } & 15 & 25 \\\hline \text { Gabriel } & 12 & 16\\\hline\end{array}$ Sarita and Gabriel own S&G Bakery. Table 19-2 lists the number of pies and cakes Sarita and Gabriel can each bake in one day.
-Refer to Table 19-2.Select the statement that accurately interprets the data in the table.

• A) Sarita has a greater opportunity cost than Gabriel for baking cakes.
• B) Sarita's opportunity cost for baking cakes is less than Gabriel's.
• C) Gabriel has a greater opportunity cost than Sarita for baking pies.
• D) Gabriel's opportunity cost for baking cakes and baking pies are both greater than Sarita's.

Recognize the significance of the Sarbanes-Oxley Act of 2002 for accountants and auditors.

Understand the ownership and confidentiality of work papers and documents in the professional context.

Differentiate between various types of damages and their applicability in cases of professional misconduct.

Grasp the various contexts in which nonclient actions occur and the impact on professionals.

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Definitions:

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Express Powers

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Express Powers

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Articles Of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.