what are the two elements of the risk of material misstatement at the assertion level()
A. Inherent risk and detection risk
B. Audit risk and detection risk
C. Inherent risk and control risk
Detection risk and control risk
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Who is responsible for the prevention and detection of fraud()
A. Internal auditors
B. External auditors
C. Those charged with governance and management
D. The audit committee
As Lynn eats more pizza, we would typically expect her marginal utility from eating pizza to()
A. increase
B. decrease
C. stay the same
D. equal the price of pizza
The additional utility gained from consuming an additional unit of a good is called()
A. total utility
B. marginal utility
C. costly utility
D. an util
The term marginal utility denotes the amount by which__ changes when consumption changes by____ unit(s)()
A. total utility; 1
B. demand; 10
C. demand; 1
D. total utility; 10