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C. Known Base
D. Project Charter
Answer: C
NEW QUESTION: 2
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B. To ensure adequate control over the custody of working papers is exercised by the auditor.
C. To ensure that the audit programs are followed by the auditor.
D. To ensure that the work papers create background for subsequent reviews.
Answer: C
NEW QUESTION: 3
The supply management professional may encounter very complex arrangements of authority. This may be in the form of actual authority, apparent authority, express or implied authority. The type of authority used to describe authority created in an agency when a principal permits an individual to operate in a fashion that makes third parties believe the individual is an authorized agent of the principal is?
A. Apparent authority
B. Actual authority
C. Implied authority
D. Expressed authority
Answer: A
Explanation:
The supply management professional may encounter very complex arrangements of authority. This may be in the form of actual authority, apparent authority, express or implied authority. The type of authority used to describe authority created in an agency when a principal permits an individual to operate in a fashion that makes third parties believe the individual is an authorized agent of the principal is apparent authority. Authority intentionally granted by the principal to the agent is referred to as actual authority. Implied authority is an authority that is implied by law to enable the agent to carry out the express authority granted by the principal. Expressed authority may be referred to as job description authority and is contained in a written formal statement such as an employment contract.
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