Define audit risk.

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Decentralized businesses can have three responsibility centers that must be evaluated differently because of their functions. • Describe the three responsibility centers and give an example of each from your work. • Give an explanation about how each is evaluated. • Tell us why you would prefer to work in a centralized or decentralized organization. • Discuss which type of responsibility center you would prefer to manage and why.

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Chapter 14, Problem 32RQ

To determine

Define audit risk.

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Decentralized businesses can have three responsibility centers that must be evaluated differently because of their functions. • Describe the three responsibility centers and give an example of each from your work. • Give an explanation about how each is evaluated. • Tell us why you would prefer to work in a centralized or decentralized organization. • Discuss which type of responsibility center you would prefer to manage and why.

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12. Identify the following costs as preveron, appraisal, internal failure, or external failure: a. Inspection of final products b. Sales returns of defective products c. Employee training d. Reworking defective products e. Working with suppliers to ensure delivery of high-quality raw materials f. Costs of warranty repairs g. Product testing Type of cost Prevention Appraisal Internal failure External failure