When production is equal to sales, which of the following is TRUE??

A. No change occurs to inventories for either use absorption costing or variable costing methods 
B. The use of absorption costing produces a higher net income than the use of variable costing
C. The use of absorption costing produces a lower net income than the use of variable costing
D. The use of absorption costing causes inventory value to increase more than they would though the use of variable costing

What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing??

A. The auditor has ascertained that the balance is materially correct when in actual fact it is not  
B. The auditor concludes the balance is materially misstated when in actual fact is not
C. The auditor has rejected an item from sample which was not supported by documentary evidence
D. He applies random sampling on data which is inaccurate and inconsistent

Job Enrichment involves____________??

A. Increases the amount of money employees are paid for completing an unit of work
B. Is a programme through which management seeks greater productivity from workers
C. Means that staff i$ moved periodically from task to task in order to increase variety and interest 
D. Involves giving employees work with a greater degree of responsibility and autonomy


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