BEC Quiz 1

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Question 1 of 1

Time Left

146121

300

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Verifiable information is timely.

Select the correct answer(s).

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146122

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As the interest rate increases; aggregate spending tends to increase.

Select the correct answer(s).

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146123

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An increase in the number of suppliers of a commodity will cause the supply curve to shift down and to the right.

Select the correct answer(s).

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146124

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If a change in market variables causes a supply curve to shift inward; which one of the following will occur?

Select the correct answer(s).

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146125

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Exports do not affect aggregate demand.

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Standard 2300; "Performing the Engagement;" primarily focuses on the internal auditor's responsibility for gathering evidence to appropriately support the conclusions reached and for properly supervising members of the engagement team.

Select the correct answer(s).

(0/0)

146127

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Which of the following segments of the economy will be least affected by the business cycle?

Select the correct answer(s).

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The activities of the Board of Directors in a corporation have no relationship to segregation of duties.

Select the correct answer(s).

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An air route between two cities is served by only three U.S. airlines. Every week; the largest of the three airlines posts its prices for future flights on the internet. The other two airlines immediately match the posted prices for future bookings. This practice illustrates which of the following?

Select the correct answer(s).

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146130

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Suitable information is relevant; reliable; and timely.

Select the correct answer(s).

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146131

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Which of the following are considered economic resources?

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Financial Management is concerned only with controlling financial resources.

Select the correct answer(s).

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Attribute Standards prohibit an internal auditor from providing assurance services related to any operations for which the internal auditor had previously been responsible during the prior five years.

Select the correct answer(s).

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300

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In the short‐run; in perfect competition; a firm will shut down operations if marginal revenue is less than average variable cost.

Select the correct answer(s).

(0/0)

146135

300

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BEC Quiz 1

Question 1 of 1

Time Left

Verifiable information is timely.

Select the correct answer(s).

(0/0)

As the interest rate increases; aggregate spending tends to increase.

Select the correct answer(s).

(0/0)

An increase in the number of suppliers of a commodity will cause the supply curve to shift down and to the right.

Select the correct answer(s).

(0/0)

If a change in market variables causes a supply curve to shift inward; which one of the following will occur?

Select the correct answer(s).

(0/0)

Exports do not affect aggregate demand.

Select the correct answer(s).

(0/0)

Standard 2300; "Performing the Engagement;" primarily focuses on the internal auditor's responsibility for gathering evidence to appropriately support the conclusions reached and for properly supervising members of the engagement team.

Select the correct answer(s).

(0/0)

Which of the following segments of the economy will be least affected by the business cycle?

Select the correct answer(s).

(0/0)

The activities of the Board of Directors in a corporation have no relationship to segregation of duties.

Select the correct answer(s).

(0/0)

An air route between two cities is served by only three U.S. airlines. Every week; the largest of the three airlines posts its prices for future flights on the internet. The other two airlines immediately match the posted prices for future bookings. This practice illustrates which of the following?

Select the correct answer(s).

(0/0)

Suitable information is relevant; reliable; and timely.

Select the correct answer(s).

(0/0)

Which of the following are considered economic resources?

Select the correct answer(s).

(0/0)

Financial Management is concerned only with controlling financial resources.

Select the correct answer(s).

(0/0)

Attribute Standards prohibit an internal auditor from providing assurance services related to any operations for which the internal auditor had previously been responsible during the prior five years.

Select the correct answer(s).

(0/0)

In the short‐run; in perfect competition; a firm will shut down operations if marginal revenue is less than average variable cost.

Select the correct answer(s).

(0/0)

The original COSO model has _____ control components; while the COSO ERM model has _____ control components.

Select the correct answer(s).

(0/0)

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Rate Quiz

The original COSO model has _ control components; while the COSO ERM model has _ control components.