An operational audit is the most likely target for determining the cost savings obtained by outsourcing cafeteria services. An operational audit is a systematic, independent and documented process of obtaining evidence and objectively evaluating it to determine the extent to which an organization's operations are effective, efficient and satisfactory.
In the context of outsourcing cafeteria services, an operational audit would include a review of the costs associated with outsourcing services, the quality of services provided, and the overall impact of outsourcing on the organization. Ultimately, the goal of an operational audit is to determine whether the cost savings gained by outsourcing cafeteria services justify the move.
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What are the cons of a mixed market for most citizens?
Cons of a Mixed Economy :: 1. Less Predictability: It can be difficult to predict the direction of a mixed economy, since both the public and private sector are involved in making decisions.
2. Inequality: The private sector may produce more wealth, leading to increased inequality and social unrest.
3. Limited Government Control: Government intervention in a mixed economy is limited, which may lead to an inefficient allocation of resources.
4. Market Failure: The private sector may not always act in the best interest of the public, leading to market failure and economic instability.
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Refer to Figure 6-18. The per-unit burden of the tax on sellers is
a. $6.
b.8
c.10
d. $14
The per-unit burden of the tax on sellers is $6, and the answer is a. The equilibrium price before tax is $16 per unit and is received by sellers.
What do you mean by price burden?
Burden costs, which can increase the price of manufacturing a product, are expenses that aren't readily apparent (such as labor or inventory). The manufacturing of a product is not directly tied to overhead expenses.The burden rate is the entire cost to a business of employing and keeping one employee, in addition to their direct remuneration in salaries. The burden rates will cover a variety of expenses, including training, perks, sick time, and pension payments.The burden rate is the percentage of burden (overhead) that is applied to each dollar of pay. The burden rate, for instance, is $0.25 per $1.00 of salary if an individual's annual benefits and payroll taxes total $20,000 and his wages are $80,000.To know more about burden cost here
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Inflation that occurs when total spending is greater than the economy's ability to produce output at the existing price levels is
However, "demand-pull" inflation occurs when this increase in demand exceeds an economy's production capacity and puts a strain on resources.
Which four kinds of inflation are there?There are four distinct types of inflation based on speed: hyperinflation, galloping, walking, and creeping.
What exactly is cost-push inflation, exactly?Cost push inflation is when prices for inputs like labor, raw materials, and so on rise. The supply of these goods decreases as a result of the increased cost of the production factors.
When does inflation happen?When the cost of goods and services rises steadily over a long period of time, you lose your ability to buy them. There are many things that can cause high inflation. However, economists frequently classify the underlying causes into two groups: Cost-push inflation and demand-driven inflation.
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Credit default swaps are Multiple Choice an insurance product designed to protect financial institutions from customers who default on their loans. securities with a maturity of less than one year. the result of a leveling off or slowing down of stock price increases. market trades in previously issued securities.
Credit default swaps are a type of insurance created to shield financial organisations against clients who don't pay back their debts on time.
What is credit default?A default happens when a borrower is unable to make the necessary debt payments. Credit card debt, school loans, and loans secured by real estate, such a mortgage, are examples of secured and unsecured debt that can default on payments.
What are credit default swaps used for?With the use of a Credit Default Swap (Credit Default Swaps), a Credit Default Swaps (CDS), a Credit Default Swaps (CDS), a Credit Default Swap (CDS), The lender acquires a CDS from another investor who guarantees to reimburse them in the event that the borrower defaults in order to swap the default risk.
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Underground Food Store has 4,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold "as is" for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.70 per pound, and each pound could be sold for $6.40. What should be done with the beef, and why?
Answer: The beef should be roasted.
Explanation:
Sales revenue
Sell as is: 4000 × $3 = $12000
Processed further: = 4000 × $6.40 = $25600
Increase/Decrease in income: = $13600
Purchase cost:
Sell as is: 4000 × $4.50 = $18000
Processed further: = 4000 × $4.50 = $18000
Increase/Decrease in income: = $0
Cost of roasting:
Sell as is: 0
Processed further: = 4000 × $2.70 = $10800
Increase/Decrease in income: = -$10800
Net income = $13600 - $10800 = $2800
Since there is a net income of $2800 when they beef is roasted, therefore it should be roasted.
Assume that you had $130,000 in the bank and you wanted to use it to bum around Europe for as long as you could. If your account earned a 10% annual rate of return, how long would that amount provide you with an annual income of $20,000 per year
At a withdrawal rate of $20,000 per year, your original investment of $130,000 would last 7.2 years, assuming a 10% annual rate of return.
What is the Rate of return?The net gain or loss of a property over a certain time period stated as a percentage of the investment's starting cost is known as a rate of return (RoR). You determine the percentage difference from the start of the period to the end when computing the rate of return.
To determine how long $130,000 would last, assuming you are withdrawing $20,000 per year and earning a 10% annual rate of return, you would need to use the formula for the time it takes for an investment to double:
The time it takes to double = 72 / rate of return (in percentage)
Given a 10% rate of return, it would take 7.2 years for your $130,000 to double.
So, at a withdrawal rate of $20,000 per year, your original investment of $130,000 would last 7.2 years, assuming a 10% annual rate of return.
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Total supply chain costs in some industries approach 75 percent of the total operating budget.
True
False
It is true that in some industries, total supply chain expenditures are close to 75% of the overall operating budget.
A supply chain is a group of people and businesses responsible for producing a product and getting it to the consumer. The raw material producers are the first links in the chain, and the last is the van that delivers the finished product to the customer.
An operating budget is used by a company, government, or organisation to plan its operations. It comprises of all revenues and expenses for a period of time (usually a quarter or a year). Prior to a reporting period, an operating budget is created as a goal or strategy that the company hopes to accomplish.
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A businessperson is returning from a trip to china and has 409.31 yuan in their wallet. the most current currency conversion rate is 1 u.s. dollar:6.4651 yuan. how much money will the businessperson have when they convert their money to u.s. dollars?
a. $2646.23
b. $415.78
c. $402.84
d. $63.31
A businessman with 409.31 yuan in their wallet is coming back from a vacation to China. The most recent exchange rate is 1 US dollar to 6.4651 Chinese yuan. When the businessperson will convert their money to u.s. dollars, he will have $63.31.
What do you mean by exchange rate?
The worth of one currency in respect to another, or the rate at which one currency will be exchanged for another, is known as a currency's exchange rate.The foreign exchange market, often known as Forex or FX, which is a worldwide decentralised market for the trading of currencies, determines the exchange rates of such currencies.
Most currency conversion rate is 1$ = 6.4051 yuan
So, 409.31 yuan = 409.31 - 6.4051
= $63.31
So, The correct option is D.
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What is economic equality answer in one word?
According to the question, equality is the answer of economic equality a in one word
What is the equality?
Being equal in position, rights, and opportunity is the state of equality. It is the idea that all people should have the same access to social, economic, and political resources, regardless of their race, gender, ethnicity, sexual orientation, or any other personal characteristics. Equality ensures that everyone is treated fairly and with respect. Equality allows for individuals to make the most of their talents and strengths, and it promotes diversity and inclusion. Equality is the essential to achieving social justice and creating a more equitable society.
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Which company is expecting to gain the majority of its returns on existing investments?
a. Dell
b. Johnson & Johnson
c. Procter & Gamble
d. Phillips Petroleum
The majority of the returns on the company's existing investments are what Phillips Petroleum expects to see.
Company Phillips Petroleum:The Phillips Petroleum Firm was a 1917-founded American oil company that later diversified into the industries of natural gas production, petroleum refining, marketing, and transportation. On December 23, 1969, Phillips Petroleum made the first oil discovery in the North Sea at a location that would subsequently bear the name Ekofisk.
Conoco Inc. and Phillips Petroleum merged on August 30, 2002, creating ConocoPhillips, the second-largest refinery and third-largest integrated energy corporation in the US. The business relocated its main office to Houston.
ConocoPhillips divided into two distinct businesses in 2012. The original business retained its name and separated the midstream and downstream operations.
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International comparisons of student achievement consistently found that American youngsters were faring poorly. Noting that America was losing its competitive edge in the world market, what did reformers call for
The average score for the United States was higher than the average for 10 educational systems and did not significantly differ from the average for two educational systems. The only school systems to outperform the United States were those in Singapore, Norway, and Ireland.
According to research, classroom management, teaching for learning, parent and home participation, and the conviction that all kids can learn, are the top four elements that affect student accomplishment. It has been discovered that including parents can improve how well low-income pupils adjust to middle school. also supportive educators. All the bodily changes that teenagers experience as they transition from infancy to adulthood are collectively referred to as puberty. The resources and funds used to support education systems in various countries are the main elements that influence those systems. As one might anticipate, the amount of money spent on education has a significant impact on a nation's prosperity.
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Which of the following is a function of elder care benefits offered by organizations?
A) direct financial assistance
B) tax exemptions on medical bills of the dependent elders
C) setting up elderly care facilities close to the workplace
D) information,referrals,and support
E) providing vouchers and discounts to help employees access the existing elderly care facilities
a function of elder care benefits offered by organizations is that they provide information, referrals, and support.
Information, referrals, and support are some of the elder care services these organizations offer.
In the elder care sector, there is a lot of information gatekeeping, making it difficult to access resources. She and her staff work as a conduit to that information for the benefit of the members.
Care Specialists often have two to four phone contacts with a member to discuss various subjects, which can span from hospitalisation to discharge from a rehab facility, because elder care needs can change so quickly. Additional calls are frequently required as circumstances alter, making this a long-term collaboration between the Care Specialist and the member.
Employees who are overwhelmed and attempting to figure out care choices for elderly family members find it difficult to concentrate at work, which is understandable. Giving your employees access to elder care resources, such as Care Specialists, can have a big influence on their life and increase their productivity while also bringing them much-needed peace of mind.
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Is driving to work a work related expense?
If you want to travel for work, any purchases that you make which are linked to your travel can get claimed as a travel expense. But it is important to know and identify the difference between work-related expenses and personal expenses.
For example, using your vehicle to shuttle to and from work is not a travel expense.
Yet, using your vehicle for other work-related purposes is deductive. Here is a list of some of the most common work-related travel expenses that you can claim or get.
1. Price of staying in a motel, hotel, or similar type of place
2. Any meal charges, such as food and cold drinks
3. Any charges that are accidental to your travel, as long as it is overnight.
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How can you achieve your goal in less time than it should take, or increase your efficiency?
Answer:
If you aren't already practicing, then practice that way you can be more efficient in whatever your doing.
Answer: first, do something you believe in, improve your knowledge in what you want to learn
Explanation:
other then my answer, look for professional help.How do you show a problem is undecidable?
An undecidable problem is one that should have a "yes" or "no" response, but for which there is no method that can provide an accurate response for all inputs.
Give an example of a problem that is believed to be intractable?According to computability theory, an undecidable problem is a particular kind of computational problem that needs a yes-or-no response but for which it is impossible for any computer program to consistently produce the right response. In other words, any such program would occasionally produce the incorrect response or would continue running indefinitely without producing an answer.An undecidable problem is one that should have a "yes" or "no" response, but for which there is no method that can provide an accurate response for all inputs.According to computability theory, an undecidable problem is a particular kind of computational problem that needs a yes-or-no response but for which it is impossible for any computer program to consistently produce the right response.To learn more about undecidable problem refer to:
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Type the correct answer in the box. Spell all words correctly.
Which good customer service skill does Tony seem to possess?
Tony works as a customer service professional for a store that sells refrigerators. He met a customer who was furious with the store's service.
Apparently, the store had delivered the wrong refrigerator model to the customer's home address. Tony apologized on behalf of the store. He
told the customer that the store would quickly replace the product. He Interacted with the customer for a while and promised that the store
would never give the customer a chance to complain in the future. Tony's ________
helped him make the customer believe
In the store's service.
Answer:
professional manner and reassurance
What is an example of a free enterprise system?
A free enterprise system is an economic system based on private ownership of businesses and resources.
What does a free enterprise system look like in practice?It encourages competition and the production of goods and services at prices that are determined primarily by the forces of supply and demand in the market.An example of a free enterprise system is the United States. In the United States, individuals and businesses have the right to freely start and run their own businesses, produce and sell goods and services, and make profits.Businesses must compete with each other to offer the best products and services at the lowest prices. Consumers have the freedom to buy whatever goods and services they want and can afford.The government’s role in this system is limited to protecting the rights of individuals and businesses, regulating certain industries, and providing services that the private sector cannot provide.In the United States, the free enterprise system has helped drive economic growth and prosperity. It has also helped create jobs and given people the opportunity to pursue their dreams and ambitions.To learn more about example of a free enterprise system refer to:
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Why do I keep getting rejected for rentals?
Because of a person's income, rental applications are typically turned down.
What is person's income ?The term "personal income" refers to all of a household's earnings in a particular year. It encompasses a variety of sources of income, including earnings, salaries, investments, dividends, rent, and any contributions made by a business to a pension plan, among others.
How do people get their money?People obtain income through working for a living and investing their earnings in securities like stocks, bonds, and mortgage lending. For instance, the stock purchases of an investor may generate income in the shape of yearly dividends.
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in most organizations, the ____ department is responsible for output control and security measures.
The IT department is typically in charge of output control and security measures in most organizations.
What are IT organization?An IT organization (information technology organization) is a company's department in charge of establishing, monitoring, and maintaining information technology systems and services.
The information technology department is concerned with all aspects of information retrieval, storage, and processing via a system. The information security department is in charge of preventing unauthorized access to information.Both departments should report to the same department head in order to maintain collaboration and proper functioning?As both departments work in the information field, they can stay updated, secure, and assisted to gather and help each other in this manner.Separate reporting of both departments to different heads can lead to confusion, security risks, dysfunctional working, and other risks.As a result, both departments should report to the same department head.
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The appropriate section in the statement of cash flows for reporting the cash payment of wages is: O Operating activities. O Financing activities. O Investing activities. O Schedule of noncash investing or financing activity.
The appropriate section in the statement of cash flows for reporting the cash payment of wages is: Operating activities
Option A is correct .
The statement of cash flow has three sections:a) Operating activities, which are the funds received and paid for in the normal course of business;
b) Investing activities, which are the funds received and paid for long-term investments or non-current assets like property; and
c) Financing activities, which are the funds received and paid for the issuance of common stock, bonds, and dividends.
With an example, what are operating activities in cash flow?The term "cash flow from operating activities" (CFO) refers to the amount of money a company receives from its regular, ongoing operations, such as manufacturing and selling goods or providing a service to customers. The entirety of a company's ongoing efforts to bring its goods and services to market are referred to as its operating activities. Non-operating activities are one-time events that aren't part of the regular, core business but could affect the company's revenues, expenses, or cash flow.
Question is incomplete,missing part is given below :
The appropriate section in the statement of cash flows for reporting the cash payment of wages is:
A. Operating activities.
B.Financing activities.
C. Investing activities.
D.Schedule of noncash investing or financing activity.
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Which of the following is true of price discrimination as a part of international pricing strategy?
A. The more competitors there are, the lesser consumers' bargaining power will be.
B. The more competitors there are, the less likely consumers will be to buy from the firm that charges the lowest price.
C. A firm may charge a higher price for its product in a country where competition is limited than in one where competition is intense.
D. Many competitors cause low elasticity of demand.
E. If a firm raises its prices above those of its competitors, consumers will refuse to switch to the competitors' products.
C. A firm may charge a higher price for its product in a country where competition is limited than in one where competition is intense is true of price discrimination as a part of international pricing strategy.
This is called first-degree price discrimination, when a firm charges different prices for the same product to different customers based on their willingness to pay. In a country where competition is limited, a firm may charge a higher price as consumers may have less bargaining power and less alternatives to choose from. While, in a country where competition is intense, the firm may charge a lower price to compete with other firms and increase market share. The other statements are not always true and are determined by the market conditions and the firm's pricing strategy.
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Labor is a factor of production that refers to any physical or ________ work people contribute to a business's production. Group of answer choices intellectual emotional unionized entrepreneurial technological
Answer: Intellectual Work
If Japan were regarded as the best electronics manufacturer in the world, what would be true?
a. The United States would have a comparative advantage in electronics.
b. Japan would have an absolute advantage in electronics production.
c. Japan would have a positive balance of trade.
d. Japan would have a comparative advantage in electronics manufacturing.
e. Japan would have a trade deficit with the United States.
Japan would have an absolute advantage in electronics production in the given case.
Hence, Option B is correct
Japan is an East Asian island nation. It is located in the northwest Pacific Ocean and is bordered by the Sea of Japan on the west. The Sea of Japan stretches from the Sea of Okhotsk in the north to the East China Sea, Philippine Sea, and Taiwan in the south approvals, field preparations required to carry out the procedure.
Japan is still one of the world's top 15 most innovative nations. With one of the highest per capita R&D expenditures and a large number of innovative companies, Japan is also home to the most innovative cluster in the world, Tokyo-Yokohama, which is ranked first overall for the second year in a row.
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Firm A typically sees a learning percentage of 81 percent in its processes. Firm B has a learning percentage of 88 percent. Which firm has the faster learning rate
The firm B firm learns more quickly. A firm is a for-profit business entity that offers professional services, such as a corporation, LLC, or partnership.
What is the firm in economics?A company, such as a corporation, is a commercial organization that manufactures and sells products and services with the intention of producing income and turning a profit. A corporation, sometimes abbreviated as "company," is a legal designation for a collection of people with a shared objective who may be either human, legal, or a mix of the two.
A corporation is a type of business entity that is legally separate from its owners. The company structure is more involved and has higher setup and administrative costs as a result of more disclosure regulations and higher-level legal obligations.
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The area found __________ the market price and _____________ the demand curve is best known as consumer surplus.
A horizontal line is drawn between it y-axis and the demand curve to represent the area between the down demand curve and the market price of such commodity as the region of consumer surplus.
Is the selling price the market price?Is the retail price equal to the market price? Simply put, the response is no. The selling price represents the price at which your house is actually purchased. It's crucial to realize that you won't likely sell your business quickly or easily if your market estimate is off.
Is a value a market price?Market capitalization is frequently associated with to market value, which is price an asset commands on the market. Because variables depend on a variety of variables, including the physical working environment, the overall state of the economy, and the dynamics of supply and demand, valuation are dynamic in nature.
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. Suppose Boris pays $100 to Sonya. A. We can say with certainty that the GDP has increased by $100. B. We can say with certainty that the GDP has increased, but we cannot determine the amount. C. We can say with certainty that the nominal GDP has increased, but we can't say whether real GDP has increased or decreased. D. We need more information to determine whether GDP has changed.
We need more information to determine whether GDP has changed.
A measurement called the gross domestic product aims to represent the economic output of a nation. A higher level of living can be expected in nations with larger GDPs because more commodities and services are produced there.
Due to this, a lot of people, including political figures, view GDP growth as a crucial indicator of a country's success and frequently use the terms "GDP growth" and "economic growth". However, many economists contend that GDP shouldn't be used as a stand-in for overall economic performance.
For instance, if Country B produced 5 bananas valued at $1 each and 5 backrubs of $6 each in a year, the GDP would've been $35. The GDP for Country B would've been $40 if the cost of bananas increased to $2 the next year and the amount produced remained the same.
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A performance appraisal serves all of the following purposes except which of the following?
Select one:
a. It allows the employee to see where he or she ranks against all the other employees in the company.
b. It lets workers know how they can do better in the future.
c. It provides an effective basis for distributing rewards.
d. It lets workers know how well they are doing.
e. It helps the organization monitor its employee selection, training, and development activities.
Option e is correct. Performance appraisals helps organizations oversee employee selection, training and development activities.
Performance appraisals are used to ascertain an employee's performance over a period of time. These ratings are used to highlight both strengths and weaknesses to improve future performance. The term “performance evaluation” refers to the regular review of an employee's job performance and overall contribution to the organization. Performance appraisals, also known as annual reviews, performance appraisals or evaluations, or employee appraisals, assess an employee's skills, achievements, and growth, or lack thereof.
Organizations use performance reviews to provide employees with comprehensive feedback on their work and to justify raises and bonuses, as well as termination decisions. It can be done at any time, but is typically annual, semi-annual, or quarterly. Performance appraisal is the regular evaluation of an employee's performance and contribution to the organization.
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Which of the following is not a risk normally associated with Bottom of the Pyramid strategies?
A. A low-end version of a brand may detract from the overall brand attractiveness.
B. The new low-cost products they develop may cannibalize the sales of their core products.
C. Entrenched competitors can impact the ability of the new firm to enter the market successfully.
D. New products may be perceived as exploiting the privileged customer with substandard products.
New products may be perceived as exploiting the privileged customer with substandard products is not a risk normally associated with Bottom of the Pyramid strategies.
Hence, Option D is correct
BOP, when used in a broader sense, refers to a market-based approach to economic growth that aims to simultaneously reduce the world's widespread poverty while generating growth and financial success for multinational corporations (MNCs). Topics that are related to poverty include income market economies and wealth distribution.
Companies that employ effective marketing tactics can access fortunes at the base of the pyramid while also making a positive impact on this sizable population's quality of life. Bottom-of-the-pyramid marketing focuses on offering the low-income market quality and value for their money. Businesses can look for opportunities in BoP markets to further their corporate social responsibility (CSR) goals and/or to benefit from factors like increased profits, using BoP markets to test goods and services created using new technologies, etc.
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A transaction that is likely to cause an increase in a current liability is:
a. payment of accrued wages.
b. accrual of interest expense.
c. depredation of equipment.
d. accrual of bad debts expense.
Depreciation of equipment is a transaction that is likely to result in a rise in a current liability.
A corporation's or an individual's present obligation originating from a previous incident, from which the firm or individual expects to derive future financial advantage, is known as a liability. Liability is essentially split into current and non-current obligations. Non-current liabilities are the existing debts a company or person owes as a result of previous events from which it expects to get future economic benefits over a period longer than a year. Debentures, long-term loans, deferred taxes, etc. are some examples. The present debt owed by a company or person as a result of a previous incident from which they hope to receive future financial gain is known as a current liability.
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he auditors have some uncertainties, but these uncertainties are not so material that they cannot form an opinion on the fairness of presentation of the financial statements as a whole. B. The auditors have observed a departure from generally accepted accounting principles that is so material and pervasive that a qualified opinion is not justified. C. The auditors have observed a departure from generally accepted accounting principles but the departure is not of sufficient materiality to justify a qualified opinion. D. The auditors cannot form an opinion on the fairness of presentation of the financial statements as a whole.
Answer:
D. The auditors cannot form an opinion on the fairness of presentation of the financial statements as a whole.
Explanation:
The issue of a disclaimer of opinion normally represent that the auditor could not able to form the opinion on the fairness of the financial statements that shows the financial position and the condition of the company.
He is not able to give his opinion for the company financial statements
So, the last option would be correct
And, the rest of the options would be incorrect