What does contingency means? And give three examples.
Auditing
Contingency :- Contingency may be termed as a future event which a company may need to resolve thereby causing economic loss to the Copmany. Contingencies should be recognized for only when the losses are probable and the loss can be reasonably estimated. Examples :- 1. A threatened law suit. 2. Products of company which were already sold which may cause potential damage to customers. 3. Asset expropriation. |
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Explain what an asset is and give three examples. Explain what a liability is and give three examples.
How does climate change affect world fisheries ? Give three examples.
What is a teratogen? Give three examples of teratogens.
6. Give three examples of preferences (utility functions) for which the optimal consumption decision does not satisfy: MRS MUz MUy Py
Auditing around the computer vs. auditing through the computer What is the difference between auditing around the computer, versus auditing through the computer? Can you provide examples of either of these?
What is meant by the term “predication”? Give at least three examples of predication.
What is a milestone, a critical milestone, a critical path, and contingency planning? Use real-world examples.
Define stress. Give at least three of examples. Explain the three stages of the stress response. How does stress affect our immune system? and citations for the sources.
Discuss what makes each tissue unique and give three specific examples
Discuss what makes each tissue unique and give three specific examples