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NEW QUESTION: 1
Z Tools would like to use bills of materials to define a tool kit that they sell. However, they would like the option to substitute the items in a tool kit in case some items are not available or the customer prefers a different item.
Which type of bill of materials allows for substitutions in a sales document?
Please choose the correct answer.
Response:
A. A 'production bill of materials'
B. An 'assembly bill of materials'
C. A 'template bill of materials'
D. A 'sales bill of materials'
Answer: C

NEW QUESTION: 2
In an audit of contingent liabilities, which of the following procedures would be least effective?
A. Reviewing a bank confirmation letter.
B. Examining customer confirmation replies.
C. Reading the minutes of the board of directors.
D. Examining invoices for professional services
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. Customer confirmations relate to receivables, and would not be likely to disclose a
contingent liability.
Choice "A" is incorrect. A standard bank confirmation will most likely identify contingent liabilities because
it contains confirmation of discounted drafts and/or guarantees of notes and/or other open letters of credit.
Choice "C" is incorrect. Examining professional invoices may disclose a contingent liability. For example,
invoices from attorneys may provide information regarding litigation, claims, and assessments.
Choice "D" is incorrect. Reviewing the board minutes may identify a contingent liability. For example, the
board may discuss contingencies during one of its meetings. Other procedures that may be effective in an
audit of contingent liabilities include: Discussing long-term purchase commitments with the purchasing
agent. Reviewing long-term leases. Obtaining a client representation letter.

NEW QUESTION: 3
Which additional OSPF states does an OSPF router go through when forming an adjacency with a DR or BDR that it does not go through with a DROTHER? (Select three.)
A. loading state
B. exchange state
C. two-way state
D. init state
E. full state
F. down state
Answer: A,B,E
Explanation:
The correct answers are D, E and F.
Choices a, d, and e are incorrect because an OSPF router will go through these three states with all OSPF routers: DROTHERs, DRs, and BDRs