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Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206 Exercise 16
Industry conditions can be a source of business risks for an entity. Describe how each of the following industry conditions can result in business risks.
a. The entity's market characteristics (e.g., demand, capacity, etc.) and competition.
b. The cyclical or seasonal activity in the entity's industry.
c. The speed of technology change related to the entity's products.
d. The supply availability and cost of the entity's raw materials and components.
a. The entity's market characteristics (e.g., demand, capacity, etc.) and competition.
b. The cyclical or seasonal activity in the entity's industry.
c. The speed of technology change related to the entity's products.
d. The supply availability and cost of the entity's raw materials and components.
Explanation
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Business risk may be faced by a company ...
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
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