The fundamental difference between internal and external auditing is that Group of answer choices internal auditors represent the interests of the organization and external auditors represent outsiders internal auditors perform IT audits and external auditors perform financial statement audits internal auditors focus on financial statement audits and external auditors focus on operational audits and financial statement audits external auditors assist internal auditors but internal auditors cannot assist external auditors

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan

If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability

Heyak believed that the economy could be hard to measure because