Which of the Following Most Indicates a Situation Where an Organization

question 2

Multiple Choice

Which of the following most indicates a situation where an organization would be deemed by the PA to be "not auditable"?

• A)As part of an aggressive growth strategy,the company's operations will soon extend to multiple countries.
• B)Management's intention is to take the company global within the next three years.
• C)Due to what it perceives as unacceptably high legal liability exposure,company management will not commit to providing the auditor with written representations.
• D)Because the company's shares are traded on the New York Stock Exchange,its financial statements are prepared according to U.S.GAAP.

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Definitions:

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one additional unit of a good or service.

Consumer Equilibrium

occurs when a consumer has allocated their resources in such a way that maximizes their utility, given their budget constraint.

Unit Price

The cost per unit of a product, allowing consumers to compare the value of similar items sold in different quantities or volumes.

Marginal Utility

The augmented joy or usefulness a shopper obtains by buying an extra unit of a commodity or service.