Answer:
Correct Option is B (Rapid Prototyping)
Explanation:
Correct Option is B (Rapid Prototyping)
Rapid Prototyping is a technique which is used to test a new technology or hypothesis by giving it to the customer. Customer then use the product and provide feedback. From the customer feedback, changes are made according to the requirement and the feedback provided by the customer.
The process described by Yahoo! when developing new online services is known as rapid prototyping, where the company continuously develops, presents, and refines its services based on immediate customer feedback.
Explanation:When Yahoo! develops new online services, the process described involves creating a version of the service, presenting it to customers for their feedback, and then making revisions based on that immediate feedback. This continuous process of development, feedback, and improvement is best described as b. rapid prototyping. Rapid prototyping is a method used in product and service development that involves quickly creating testable versions of the service or product, gathering feedback, and making iterative changes until the final version is reached.
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Which of the following application models is more likely to be suitable for a large company with a number of existing virtualized datacenters around the world, needing to make an application available to its worldwide members of staff, some of whom are office based while others are mobile workers using a variety of network clients?a. Distributed application with client software installed on each mobile and desktop device.b. Desktop applications installed on all mobile and desktop devices.c. Distributed web application hosted at datacenters, accessed via browsers on each mobile and desktop device.d. Cloud application hosted by cloud provider, accessed via browsers on each mobile and desktop device.
Answer:
c. Distributed web application hosted at datacenters, accessed via browsers on each mobile and desktop device.
Explanation:
Because the organization has an existing and established virtualized data center, it really is highly probable that it will be able to use available resources to implement the application without incurring the extra cost of signing up to a cloud solution or host.
_________ values in economics are those that have been adjusted to remove the impact of inflation so that meaningful comparisons can be made..
Answer:
Real values are those that have been adjusted to remove impact of inflation.
Explanation:
Real values are the value of goods and services produced / consumed in a period which are adjusted for inflation.
Real values are very useful figures as these are required to calculate growth in Gross Domestic Product (GDP), personal incomes etc.
Real value is obtained by removing removing impact of increase in price level over the period by adjusting with deflator as defined in below example.
Example
Value of goods and services produced in an economy 2019 USD 100 billion
Value of goods and services produced in an economy 2018 USD 80 billion
Inflation in 2019: 5%
So the real growth in GDP: {(100 - 80) / 80} - 5% = 20%.
For a firm with an optimal capital structure, the weighted average cost of capital (WACC) is:_________
a) higher than the cost of equity
b) lower than the cost of debt
c) lower than the cost of unlevered equity
d) independent of the capital structure
Answer and Explanation:
c) lower than the cost of unlevered equity
Kelvin is an agent for Lookout Mountain Accountants, Inc. On Lookout's behalf and at its request, Kelvin pays Nerdlinger for custom software designed for the management of Lookout's services. Kelvin's right to obtain the amount of those payments from Lookout arises under the principal's duty of.
Answer:
D) reimbursement.
Explanation:
The principal's duty to reimburse states that the principal must reimburse the agent all the reasonable expenses that he/she incurred in while performing his/her duties. The costs that should be reimbursed include: travel costs, meals, lodging, incidental expenses, etc.
The amount that Kelvin paid Nerdlinger is considered a reasonable expense since it will benefit Lookout Mountain Accountants, therefore the principal must reimburse the payment.
"The correct answer is: The principal's duty of indemnification.
In the given scenario, Kelvin is acting as an agent for Lookout Mountain Accountants, Inc. (the principal). When an agent makes payments on behalf of the principal and at the principal's request, the principal has a duty to indemnify the agent for those payments.
This means that the principal is obligated to reimburse the agent for any expenses or liabilities incurred while carrying out the principal's instructions.
The duty of indemnification is a fundamental aspect of the agency relationship. It ensures that agents are not left out of pocket for legitimate expenses they incur in the course of their agency duties. In this case, since Kelvin paid Nerdlinger for custom software at Lookout's request, Kelvin has the right to be indemnified by Lookout for the amount paid.
Which type of consumer problem solving is typically used when a consumer already has a large amount of experience in how to meet a specific need and does not require additional information?
A. routinized response behaviorB. unthinking problem solvingC. limited problem solvingD. rational problem solvingE. extensive problem solving
Answer:
Routinized response behavior
Explanation:
The problem solving method used by a consumer who have a large experience on a particular kind of purchase and doesn't require additional information is the routinized problem solving method.
The routinized problem solving method involves consumers buying products that they are already familiar with when making a purchase decision.
What ratio is used to measure the profit earned on each dollar invested in a firm’s stockholders?
a.Current Ratio
b.Asset Turnover Ratio
c.Return on Sales Ratio
d.Return on Equity
Answer:
Correct answer is letter D, Return on equity ratio
Explanation:
Return on equity ratio is used to measure on how well the firm uses the invested dollars to the firm to generate earnings. It is sometimes called as return on net worth. By computing equity ratio, the investors will know how much is the earnings on their per dollar investments for the certain period. This will help the investor to monitor and assess their investment earnings for the period.
The written disclosure document that must be furnished by a solicitor to a client under the Investment Advisors Act of 1940 must include all of the following except
[A] any service that the solicitor will be providing to the client[B] the compensations that the solicitor will receive[C] the name of the broker dealer that will affect the trades[D] the name of the investment advisors that will be providing advisory service
Answer:
C) the name of the broker dealer that will affect the trades
Explanation:
Solicitors must present a separate disclosure that must include the name of the solicitor and the services he/she provides, the name of the investment advisor for whom the solicitor is working, and the nature of the relationship between the solicitor and the investment advisor. The compensation agreement must also be included, along with any amount that the client will be charged in addition to the advisory fee.
When Whitney took over her father's sporting goods store, she evaluated some of her father's vendor relationships. She found that Rodney's Exercise Wear wasn't particularly profitable for the store. Although committed, his products were expensive, and he seemed inflexible. Whitney tried to work out a more amicable relationship with him by discussing her sales goals and new ideas for the coming year, but Rodney seemed uninterested. Which of the following elements crucial for maintaining strategic relationships is absent in the given example?
Answer:
Open Communication
Explanation:
In business, open communication is really the capacity of anyone to obtain, access and share communication resources on one level in order to provide value-added facilities on yet another level in a layered communication system architecture under equal conditions with a transparent relationship between cost and pricing.
It is important for business because it encourages your staff to become more involved and recognize that what they are doing counts to business success.
An investment of $100,000 is worth $105,000 after 3 months. If the investment keeps growing at the current rate, at the end of one year, the annualized rate of return will be:A. 5.00%B. 20.00%C. 21.55%D. 25.00%
Answer:
C 21.55%
Explanation:
The investment grows by 5% in three months and assuming that the investment earns 5% for every three months (every quarter). Therefore every quarter investment earns 5%. The annualized return is calculated as follows:
Annualized return = (1 + periodic return) * (1 + periodic return).... -1 * 100
Annualized return =( 1.05 * 1.05 * 1.05 * 1.05) - 1 * 100
Annualized return = 21.55%
Which of the following statements is TRUE?A)Only Canada can benefit from trade because the United States has an absolute advantage inthe production of both soybeans and alfalfa. B)Trade will benefit both countries because the United States has a comparative advantage in the production of soybeans and Canada has a comparative advantage in the production of alfalfa. C)Trade will benefit both countries because the United States has a comparative advantage in the production of alfalfa and Canada has a comparative advantage in the production of soybeans. D)Trade will benefit neither country because the United States has an absolute advantage in the production of both soybeans and alfalfa, but Canada has a comparative advantage in theproduction of both soybeans and alfalfa
Option C statement is true, Trade will benefit both countries because the United States has a comparative advantage in the production of alfalfa and Canada has a comparative advantage in the production of soybeans.
Explanation:
Global trade in goods has increased rapidly since the Second World War and particularly in the last three decades. Food was no exception, as well as the global food network has become extremely complex and integrated, with over 1.1 trillion dollars in agricultural trading today.
In a peaceful world, a country can make reason to cultivate the few products that it is suitable to manufacture, export what it really is capable of producing to a competitive advantage and import what it should not grow. It is a "comparative advantage" and a key economic theory supporter.
Final answer:
The true statement about trade benefits between the US and Canada is that both countries benefit when each specializes in the production of goods where they have a comparative advantage, with the US in soybeans and Canada in alfalfa.
Explanation:
The correct answer to which statement is true regarding the effects of trade between the United States and Canada in relation to the production of soybeans and alfalfa is B) Trade will benefit both countries because the United States has a comparative advantage in the production of soybeans and Canada has a comparative advantage in the production of alfalfa. This is based on the concept of comparative advantage, which means that even if one country has an absolute advantage in the production of all goods, it can still be beneficial for that country to specialize in goods for which it has the greatest relative efficiency.
Absolute advantage refers to the ability of a country to produce more of a good with fewer resources than another country. However, comparative advantage considers what is given up to produce that good. Even if a country like the United States has an absolute advantage in producing both soybeans and alfalfa, it may benefit from specializing in soybeans, which it produces with a relatively greater efficiency compared to alfalfa, and then trade with Canada, which specializes in alfalfa, to maximize overall efficiency and gains from trade.
Town Crier has 10 million shares of common stock outstanding. 2 million shares of preferred stock outstanding, and 10 thousand bonds. If the common shares are selling for $28 per share the preferred shares are selling for $15.50 per share, and the bonds are selling for 97 percent of par, what would be the weight used for debt in the computation of Town Crier's WACC? Multiple Choice O
A. 30 percent
B. 312 percent
C. 3.20 percent
D. 3.33 percent
The weight used for debt in Town Crier's WACC is calculated by dividing the total debt by the sum of the market values of common stock, preferred stock, and debt, resulting in about 3.02%, which corresponds to answer C. 3.20 percent.
Explanation:To calculate the weight used for debt in the computation of Town Crier's Weighted Average Cost of Capital (WACC), we need to first understand the market values of equity (both common and preferred) and debt. The company has 10 million common shares outstanding at $28 each, 2 million preferred shares at $15.50 each, and 10 thousand bonds selling for 97% of par. Assuming each bond has a par value of $1,000 (which is typical but not stated in the question), the total market value of each component is as follows:
Common Stock: 10,000,000 shares * $28 per share = $280,000,000Preferred Stock: 2,000,000 shares * $15.50 per share = $31,000,000Bonds: 10,000 bonds * $1,000 par value * 97% = $9,700,000To find the weight of debt in the WACC calculation, we divide the total debt by the sum of the market values of debt and equity:
Weight of Debt = Debt / (Common Stock + Preferred Stock + Debt) = $9,700,000 / ($280,000,000 + $31,000,000 + $9,700,000) = $9,700,000 / $320,700,000 ≈ 0.03023, or 3.02%
So, the correct answer is C. 3.20 percent.
which of the following is a characteristic of changes made in the working environment
1. Transparent & Open Communication
2. Work-Life Balance
3. Training & Development-Focused
4. Recognition for Hard Work
5. Strong Team Spirit
Answer:
Transparent and Open Communication
Explanation:
In an organization whether its a national or multicultural environment, There should be an open and transparent communication from top to bottom and or bottom to top. They must encourage people to communicate openly, sharing their failures versus hiding them or allowing them to fester and also must engender an openness to share ideas and collaborate. It is vital to openly share ideas on all fronts, including on what is working and what is not working, what we know and what we do not know. Knowing what we do not know is significant, and we must let others know this.
Transparent and open communication tends toward the team commitment and build strong team spirit which helps to focus in work life balance too.People get recognition for their initiatives and hard work and get chances to progress more. Hence the open and transparent communication makes employee-employer equity equitable and achieve the organizational goals
The following information is available for Chap Company.Sales: 350,000Cost of goods sold: 120,000Total fixed expenses: 60,000Total variable expenses: 100,000Which amount would you find on Chap's CVP income statement?A. Contribution margin of $250,000B. Contribution margin of $190,000C. Gross profit of $230,000D. Gross profit of $190,000
Answer:
A. Contribution margin of $250,000 and C. Gross profit of $230,000.
Explanation:
Sales = $350,000
Cost of goods sold = $120,000
Total fixed expenses = $60,000
Total variable expenses = $100,000
Therefore,
Gross profit = Sales - Cost of goods sold
= $350,000 - $120,000
= $230,000
Contribution margin = Sales - Total variable cost
= $350,000 - $100,000
= $250,000
The right options are A. Contribution margin of $250,000 and C. Gross profit of $230,000.
Tiffany Crowe works as a showroom executive at a clothing boutique in London. Today, she is in a positive mood and instantly greets and smiles at a customer who walks into the store. The customer feels welcomed by her response. While browsing the store, Crowe helps the customer with products and passes on her positive mood to the customer. The customer leaves the store feeling content with a smile on her face.
Which of the following best describes this situation?
A) emotional contagion
B) positivity offset
C) cognitive dissonance
Option A, Emotional contagion
Explanation:
The concept of emotional contamination in one person is the direct activation of similar emotions and actions in others.
Feelings may be conveyed indirectly or directly through individuals in several different ways.
There's also important evidence that people display feelings associated with other people's facial, auditory and postural gestures. If you imitate the body, you will hear what you say. Then, you feel what another person feels.
The Keynesian Theory "Bathtub" is illustrated below. Decreasing flows in one or more of the spending variables (C, I, G or NX) will, ceteris paribus, __________ the income, employment, and output (water level in the tub).a. increaseb. decreasec. maintaind. none of the above
Answer:
B) decrease
Explanation:
The Keynesian Bathtub Theory is an analogy between the economy and a bathtub where increases in government spending, consumption, business investments and exports, are shown as water flows into the bathtub. Decreasing spending will decrease the inflow of water into the bathtub which will result in lower income and employment.
Investors Fund, a large financial institution, announces that it will start monitoring its employees’ electronic communications. If Mary, an Investors Fund employee, resists this policy, her best argu-ment is that the monitoring violates
Answer:
Employee Privacy Rights
Explanation:
Some employees are resisting the new policy by the investor's fund to monitor their employee's phone calls. The reason to resist this policy is that it violates employee privacy rights. The company must talk to the employee before initiating the policy to monitor them which might create problems for the company in the future. Every employee has privacy rights, and the company must take it under consideration before designing such policies.
ABC common stock has been moving up recently and one of your clients purchased several hundred share of the stock this morning. Since the investor purchased the stock, the price went up by one point and then returned to the price that the customer paid this morning. The client decides to buy a call option on ABC common stock. The most likely reason for the purchase of the call would be:________.
Answer:
ABC common stock has been moving up recently and one of your clients purchased several hundred share of the stock this morning. Since the investor purchased the stock, the price went up by one point and then returned to the price that the customer paid this morning. The client decides to buy a call option on ABC common stock. The most likely reason for the purchase of the call would be: inflation or hike in price
Explanation:
The Operations Manager for Shadyside Savings & Loan orders cash from her home office for her very popular "BIG BUCKS" automated teller machine, which only dispenses $100 bills. She estimates that this machine dispenses an average of 12,500 bills per month, and that carrying a bill in inventory costs 10 percent of its value annually. She knows that each order for these bills costs $300 for clerical and armored car delivery costs, and that order lead time is six days. Assuming a 30-day month, what is the economic order quantity?
Answer:
3,000 $100 bills equivalent to $300,000
Explanation:
The economic order quantity (EOQ) is the optimum quantity of a good to be purchased or required at a time in order to minimize ordering and carrying costs in inventory.
EOQ = the square root of [(2 times the annual demand in units times the incremental cost to process an order) divided by (the incremental annual cost to carry one unit in inventory)]
annual demand in units = 12,500 x 12 = 150,000incremental costs to process an order = $300incremental annual cost to carry one unit in inventory = 10% x 100 = $10EOQ = √[(2 x 150,000 x $300) / $10] = √($90,000,000 / $10) = √9,000,000 = 3,000 bills
The economic order quantity for ordering 'BIG BUCKS' bills is approximately 2,739 bills.
Explanation:To determine the economic order quantity, we need to use the formula: EOQ = √((2DS)/H), where D represents the annual demand, S represents the cost per order, and H represents the carrying cost per unit. Based on the given information, the annual demand is 12,500 bills, the cost per order is $300, and the carrying cost is 10% of the bill's value per year.
Using the formula, we can calculate the economic order quantity as follows:
EOQ = √((2 * 12,500 * 300)/(0.10 * 100)) = √7,500,000 = 2,738.61
Therefore, the economic order quantity for ordering 'BIG BUCKS' bills is approximately 2,739 bills.
Smith Company's inventory cost is $100. The expected sales price is $110, estimated selling costs are $6. The normal gross profit ratio is 20% of selling price. The replacement cost of the inventory is $106. Smith Company uses the LIFO inventory method so must use the lower of cost or market approach and this inventory item should be valued at
A. $102
B. $106
C. $104
D. $110
Using the Lower of Cost or Market (LCM) approach, Smith Company's inventory should be valued at $104, as this is the smaller value between the replacement cost and the market price.
Option C is correct
Explanation:The lower of cost or market (LCM) approach indicates that inventory should be valued at the lesser of the cost to replace the inventory or the market value. In the case of Smith Company, the cost of the inventory is $100, and the replacement cost is $106.
However, the market price (the expected sales price less the selling costs: $110 - $6 = $104) is lower than the replacement cost. Therefore, following the LCM approach, the inventory should be valued at $104.
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Which of the following is not an assumption of the productions possibilities frontier?
a. A country produces only two goods or types of goods.
b. Technology does not change.
c. The amount of available resources does not change.
d. There is a fixed quantity of money.
Answer: Option D
Explanation: A frontier of development possibilities determines the set of choices made by society for the mixture of goods and services it can create, given the available resources capacity. Usually considered for an economy, this balancing act extends to every ordinary citizen, and the economic institution as well.
This curve depicts the fact that only by reallocating resources from other goods and thus producing less of them can one good be produced as the resources in hand for production is limited.
Hence from the above we can conclude that the correct option is D.
1. The method of deducting the cost of tangible personal and real property over its useful life is . 2. The method of deducting the cost of intangible assets over a specific time is . 3. The method of deducting the cost of natural resources over time is .
Depreciation is the method used to deduct the cost of tangible assets over time. The method used for intangible assets is called Amortization. For natural resources, the method used is Depletion.
Explanation:The method of deducting the cost of tangible personal and real property over its useful life is known as Depreciation. This is a method used by companies to spread the cost of an asset over its useful life to match the expense of the asset with the revenues it generates.
The method of deducting the cost of intangible assets over a specific time is referred to as Amortization. Intangible assets can include patents, copyrights, goodwill, etc. The value of these assets are gradually written off over a period of time through the process of Amortization.
The method of deducting the cost of natural resources over time is known as Depletion. This is a method used mostly by extracting companies, like mining or logging, to account for the reduction of a product's reserves over time.
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Methods of deducting costs over time include depreciation for tangible personal and real property, amortization for intangible assets, and depletion for the cost of natural resources. Each method aligns with the concept of matching expenses with revenue in the period they occur, following the matching principle in accounting.
Explanation:The method of deducting the cost of tangible personal and real property over its useful life is called Depreciation. This allows for the cost of an asset to be spread out over its lifespan. For example, if a business buys a vehicle for $10,000 and expects it to last for 10 years, it could deduct $1,000 from its taxable income each year.
The method of deducting the cost of intangible assets over a specific time is called Amortization. Intangible assets include things like patents, copyrights, and software development costs that provide value over a period of time. An example would be if a company spent $500,000 on a software development project intended to be in use for 5 years, then the company would deduct $100,000 each year.
For natural resources, the method of deducting the cost is through Depletion. This gives companies a way to account for reducing quantities of raw materials like oil, minerals, and timber. Suppose a company owns a timberland valued it at $3M with an estimated total of 1M trees - as they remove trees, they can deduct the cost per tree from their revenues.
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A closing is set for March 15, the next tax payment is due April 1. How many months of escrow can the lender take for taxes?
Answer
the correct answer is three month
Suppose your business has agreed to pay a vendor for his services using a cost-plus-fixed-fee contract. This means _____.
a. the agreement is to pay for all the costs and a percentage of costs as fee
b. the agreement is to reimburse for all the costs plus an incentive fee if the vendor meets the deadline
c. the agreement is to provide a total fixed price for the service
d. the agreement is to reimburse the costs plus a fixed amount as fee
Answer: the agreement is to reimburse the costs plus a fixed amount as fee
Explanation: A cost-plus-fixed-fee contract is an expense-reimbursement agreement which allows for a calculated price to be charged to the contractor at the start of the project.
The fixed price doesn't really differ with real costs, but can be changed as a response to changes in the job under the agreement to be done.
In other words, The cost-plus fixed fee arrangement is a special sort of contract in which the contractor is charged for the usual project costs, plus an extra fixed fee for their work. This enables the contractor to earn a profit on the job and promote allocation efficiency in different industries.
Walden Company collects the annual fee for 100 magazine renewals. The annual price is $104 per subscription and covers 52 weekly magazines. The subscription period is from July 1 till June 30 of the following year. During the current calendar year for each subscription, Walden should recognize
Answer:
$5,200
Explanation:
Annual price for each subscription is $104 covering the period from July 1 to June 30 (that is 52 weeks).
Half of this period fall in the current calendar year. i.e. July 1 to December 31 = 26 weeks.
Therefore, the amount to be recognized in the current calendar year is half the total subscription fee.
Total subscription fee = $104 * 100 renewals = $10,400.
There, half of that which will be recognized in the current calendar year
= 50% of $10,400
= $5,200.
There was a tremendous drought in California, where the majority of lettuce is grown for the United States. Lettuce is vitally needed to make delicious tacos for Taco Tuesday. As a result of the drought, the price of lettuce used to produce tacos doubles.People get tired of eating tacos on Tuesday and switch to eating lasagna. What happens to lettuce in the short term?
Answer:
There was a tremendous drought in California, where the majority of lettuce is grown for the United States. Lettuce is vitally needed to make delicious tacos for Taco Tuesday. As a result of the drought, the price of lettuce used to produce tacos doubles.People get tired of eating tacos on Tuesday and switch to eating lasagna. What happens to lettuce in the short term? reduction in demand and supply which affects the price, such inflation of price would reduce the demand
Explanation:
Employees with _____, in which work output is exchanged back and forth among individuals, should be organized into teams to facilitate coordination in their interwoven relationship.
Answer: Reciprocal Interdependence.
Explanation:
Reciprocal Interdependence is a working situation in which the output of a department of an organization forms the direct input used by another department in the same organization.
In organizations functioning with reciprocal interdependence, the various departments have to form strong interwoven relationship to increase effectiveness and productivity.
Which of the following statements is true?
a. If a tax is imposed on a product sold by a monopolist, the monopolist will maximize its profits by producing where marginal revenue equals marginal cost.
b. A monopolist will always charge the highest possible price.
c. If a tax is imposed on a product sold by a monopolist, the monopolist can increase its price to pass along the entire tax to consumers.
d. Because a monopolist faces no competition, the demand for its product is perfectly inelastic.
Answer:
Option C is correct
Explanation:
Since it is a specific sales tax, the effect would be shifted to the consumers. The optimal output would be determined by
MR= MC + T =MCT
MR= marginal revenue, MC = marginal cost, T = tax
That mc curve would shift to mct which is the new equilibrium
As an IAR, you have gotten to know one of your customers and have prepared a financial/investment plan for her retirement based on her circumstances. You advise her that the plan is flexible and will change as her circumstances change. Among the life events that may require such a change in the plan are of the following EXCEPT:
[A] Marriage
[B] Divorce
[C] Child birth
[D] Moving to a new home
Answer:
D) Moving to a new home
Explanation:
When you move to a new home that usually should not change your investment plans, unless you are purchasing some extremely expensive home that will alter your finances completely.
If you move to another state, you will need to change your legal domicile which might require some changes, but it should not affect your financial position.
But if you get married, have a child or get divorced, then your financial position will change dramatically, since your personal finances are affected by these events.
The lack of marketing information about religion is primarily due to ________. Select one:
a. the small number of people who are influenced in the marketplace by religious issues
b. the dollar value of the Christian market being very low
c. traditional bigotry toward religion
d. religion being somewhat of a taboo subject among researchers
Answer:
d.
Explanation:
religion being somewhat of a taboo subject among researchers
Most researchers especially science researchers don't believe there exist any religion. Some of them are free thinker, they believe things just happened through evolution.
Auditors found that the entity has not capitalized a material amount of leases in the financial statements. When considering the materiality of this departure from GAAP, the auditors would choose between which reporting options?
a. Unmodified opinion or disclaimer of opinion.
b. Unmodified opinion or qualified opinion.
c. Unmodified opinion with an emphasis-of-matter paragraph or an adverse opinion.
d. Qualified opinion or adverse opinion.
Answer:
d. Qualified opinion or adverse opinion.
Explanation:
A qualified opinion is used in an auditor's report that accompanies this entity audited financial statements. It is an auditor's opinion that suggests this entity has not capitalized a material amount of leases in the financial statements and there is a materiality of departure from the generally accepted accounting principles (GAAP) .
The adverse opinion is when an entity needs to reiterate and complete another audit of its financial statements.