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NEW QUESTION: 1
There are fundamentally two possible changes in an economy that will each cause inflation unless other compensating changes also occur. These changes are either reductions in the supply of goods and services or increases in demand. In a prebanking economy the quantity of money available, and hence the level of demand, is equivalent to the quantity of gold available.
If the statements above are true, then it is also true that in a prebanking economy
A. the quantity of goods and services purchasable by a given amount of gold is constant
B. if other factors in the economy are unchanged, increasing the quantity of gold available will lead to inflation
C. any inflation is the result of reductions in the supply of goods and services
D. if there is a reduction in the quantity of gold available, then, other things being equal, inflation must result
E. whatever changes in demand occur, there will be compensating changes in the supply of goods and services
Answer: B
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 2
Rachel, CPA, is conducting an audit of Eaton Enterprises, a nonissuer. Rachel has conducted her audit in
accordance with generally accepted auditing standards, and she wishes to emphasize in her report that
such standards do not require the same level of testing and reporting on internal control as is required for
audits of issuers under the Sarbanes-Oxley Act. Which report modification would be most appropriate in
this situation?
A. Only the scope paragraph should be modified.
B. No report modification should be made in this scenario.
C. An explanatory paragraph should be added preceding the opinion paragraph, and the opinion
paragraph should state, "Except for the matter discussed in the preceding paragraph..."
D. An explanatory paragraph should be added following the opinion paragraph.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. The auditor may expand the scope paragraph to state that internal control was
considered as a basis for designing appropriate audit procedures, but not for the purpose of expressing an
opinion on the effectiveness of internal control. This serves to emphasize that the extended level of testing
and reporting on internal control required by the Sarbanes-Oxley Act did not apply in this case.
Choice "B" is incorrect. The auditor should modify the scope paragraph, not add an additional explanatory
paragraph.
Choice "C" is incorrect. An "except for" qualified opinion would not be appropriate in this case.
Choice "D" is incorrect. Although a report modification is not required, the question states that Rachel
wishes to emphasize the scope of her work on internal control. In such situations, the scope paragraph
should be modified.
NEW QUESTION: 3
Which of the following are features of the Multi-Server Cloning option in the Intel@ Deployment Assistant?(Select ALL that apply).
A. Some parameters that should be unique with different servers can be modified.
B. Cloning is supported between any Intel dual socket server.
C. The BIOS and BMC settings cannot be cloned.
D. The servers must be connected via Ethernet cable to the management NIC.
E. The bootable image can be distributed via bootable USB key or across the network via a PXE server.
Answer: A,E
NEW QUESTION: 4
UltraPath for Windows is based on Microsoft Multipathing Application development server device drivers.
A. False
B. True
Answer: A
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