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NEW QUESTION: 1

A. Option E
B. Option A
C. Option C
D. Option F
E. Option D
F. Option B
Answer: A,D,F

NEW QUESTION: 2
Management can best ensure support for the audit function from other departments by
A. emphasizing the importance and usefulness of audits to the organization
B. reviewing audit follow-up activities and ensuring that corrective action requests are closed in a timely manner
C. continually evaluating the audit results
D. hiring personnel who have knowledge of quality procedures and by providing continuing education
Answer: A

NEW QUESTION: 3
The measure most often used to compare standards of living across countries or across time is:
A. Real GDP.
B. Government spending.
C. Real consumption expenditures.
D. Real GDP per capita.
Answer: D
Explanation:
Choice "d" is correct. Real GDP per capita is real GDP divided by population. Real GDP per capita is
typically used to compare standards of living across countries or across time. By dividing real GDP by
population, this measure adjusts for differences in the size of countries and for differences in population
over time. Choice "a" is incorrect. Government spending is not a measure of the standard of living of a
country. Choice "b" is incorrect. Countries with larger populations tend to have higher levels of real GDP.
This however does not mean they have a higher standard of living. To adjust for differences in population,
real GDP per capita is typically used to compare standards of living, not real GDP. Choice "c" is incorrect.
Real consumption expenditures are only a part of real GDP and thus do not measure all economic activity.
Furthermore, real consumption expenditures do not adjust for differences in population. It is therefore not
used as a measure of the standard of living.