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NEW QUESTION: 1
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A. Private mode
B. Maintenance version
C. Test version
D. Standard mode
E. Production version
Answer: A,B
NEW QUESTION: 2
Bubba holds 200 shares of common stock in a utility company and receives rights to subscribe to an additional 100 shares at $20. The utility company is raising $40 million of new capital.
How many rights does Bubba receive?
A. 0
B. 1
C. 2
D. 3
Answer: C
Explanation:
Explanation/Reference:
Explanation: 200. In an issue of rights, there is always one right per share. Bubba owns 200 shares and thus receives the same number of rights.
NEW QUESTION: 3
It would be appropriate for an internal audit activity to use consultants with expertise in health-care benefits when the internal audit activity is:
I. Conducting an audit of the organization's estimate of its liability for post retirement benefits, which include health care benefits.
II. Comparing the cost of the organization's health care program with that of other programs offered in the industry.
III. Training its staff to conduct an audit of health care costs in a major division of the organization.
A. II and III only
B. I, II, and III.
C. I and III only
D. I only
Answer: B
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