All units of measurements are__________ ,because space,time and other dimensions are not n
A.artificial
B.spiritual
C.mental
D.beneficial
A.artificial
B.spiritual
C.mental
D.beneficial
Work packages are used to:
A . Represent units of work at a level where work is performed.
B . Clearly distinguish one work package from all others assigned to a single functional group.
C . Limit the work to be performed to relatively short periods of time.
D . All of the above.
E . A and B only
Typical characteristics of a work package include:
ARepresentation of units of work at a level where work is performed
BClearly distinguishes one work package from all others assigned to a single functional group
CLimits the work to be performed to relatively short periods of time
DAll of the above
EA and B only
The zero-volatility spread is a measure of the spread off:
A. one point on the Treasury yield curve.
B. all points on the Treasury yield curve.
C. all points on the Treasury spot curve.
All of the following statements about acceptance sampling are true except:
A . Acceptance sampling plans are beneficial when the cost of inspection is high and the resulting loss of passing nonconforming units is not great.
B . Acceptance sampling plans are necessary when destructive inspections are required.
C . Acceptance sampling plans are never effective at rejecting nonconforming units as 100 percent inspection, even when the inspection process is very tedious.
D . Acceptance sampling plans do not directly control the quality of a series of lots; they instead specify the risk of accepting lots of given quality.
E . Acceptance sampling plans are not very effective for inspecting small lots of custom-made products.
By what means does a business measure the worth of assets and liabilities?
A.The monetary unit.
B.Dollar.
C.The value of the monetary unit.
D.The sum of all the individual amounts added together.
166 Guidelines for estimating time durations include:
A. Assuming a normal level of labor and equipment.
B. Assuming a normal work week.
C. Using consistent time units
D. Using past actual durations as guides.
E. All or part of each of the above
A、not measure the factor
B、use the most appropriate objective indicator
C、use a subjective indicator
D、use an objective indicator, but measure it several times to ensure reliability
E、ignore the control function all together
A . return on investment (ROI)
B . net present value (NPV)
C . discounted cash flow (DCF)
D . B and C
E . All of the above.
(b) While the refrigeration units were undergoing modernisation Lamont outsourced all its cold storage requirements
to Hogg Warehousing Services. At 31 March 2007 it was not possible to physically inspect Lamont’s inventory
held by Hogg due to health and safety requirements preventing unauthorised access to cold storage areas.
Lamont’s management has provided written representation that inventory held at 31 March 2007 was
$10·1 million (2006 – $6·7 million). This amount has been agreed to a costing of Hogg’s monthly return of
quantities held at 31 March 2007. (7 marks)
Required:
For each of the above issues:
(i) comment on the matters that you should consider; and
(ii) state the audit evidence that you should expect to find,
in undertaking your review of the audit working papers and financial statements of Lamont Co for the year ended
31 March 2007.
NOTE: The mark allocation is shown against each of the three issues.
1.The passagesays that Watt made the first widely used steam engine.
A.T
B.F
2.Watt made up a unit of measurement based on the strength of a horse.
A.T
B.F
3.Watt wanted to find a way to lift a 3300-pound weight.
A.T
B.F
4.One horsepower would equal the weight a horse could lift.
A.T
B.F
5.The title of the passageis "How the Term Horsepower Came into Being".
A.T
B.F