1. For what purposes do the auditors make and record test counts of inventory quantities during their observation of the taking of the physical inventory? Discuss.
2. State the impact that the approval process, environmental impact statements, impact assessments, and the need to work with local interests have on the development of a hotel project.
3. Discuss what you think the ramifications should be if an insurer, or an individual or business, misrepresents themselves either deliberately, or by mistake. Examples, fact or fiction, always help.