2. Describe a false positive and a false negative in the context of a criminal trial. In your view, which error is costlier to society? 3. Describe the intuition of a likelihood ratio test. 4. In the article by Michael Baye and Joshua Wright ("Is Antitrust Too Complicated for Generalist Judges?"), describe how they measure the economic complexity of antitrust cases. What as the modal level of complexity? How would you describe the complexity distribution? 5. According to the results from Baye and Wright, how does economic training impact the appeal rate of judges? Are you convinced that Baye and Wright have established a causal relationship?

READ THE ARTICLE BELOW AND ANSWER THE QUESTIONS THAT FOLLOW:Ernst & Young to Pay $100 Million Penalty for Employees Cheating on CPA EthicsExams and Misleading InvestigationLargest Penalty Ever Imposed by SEC Against an Audit FirmWashington D.C., June 28, 2022The Securities and Exchange Commission today charged Ernst & Young LLP (EY) for cheatingby its audit professionals on exams required to obtain and maintain Certified Public Accountant(CPA) licenses, and for withholding evidence of this misconduct from the SEC’s EnforcementDivision during the Division’s investigation of the matter. EY admits the facts underlying theSEC’s charges and agrees to pay a $100 million penalty and undertake extensive remedialmeasures to fix the firm’s ethical issues.“This action involves breaches of trust by gatekeepers within the gatekeeper entrusted to auditmany of our Nation’s public companies. It’s simply outrageous that the very professionalsresponsible for catching cheating by clients cheated…

6-11. Assume that an automotive company discloses the following risk factors, listed as (1) through (7), that might affect the specific assertion of primary concern to the financial statements. Continued decline in market share, and a market shift (or an increase in acceleration of market shift) away from sales of trucks or sport utility vehicles, or from sales of other more profitable vehicles in the U.S. Continued or increased price competition resulting from industry overcapacity, currency fluctuations, or other factors. Lower than anticipated market acceptance of new or existing products. Substantial pension and postretirement health care and life insurance liabilities impairing our liquidity or financial condition. Worse than assumed economic and demographic experience for our postretirement benefit plans (e.g., discount rates, investment returns, and health care cost trends). The discovery of defects in vehicles resulting in delays in a new model launches, recall campaigns, or…

As you know, not all purchased intangible assets are necessarily “§ 197 in-tangibles.” For example, in a standalone transaction you purchase a patent with a six-year remaining life from the inventor for use in your Schedule C widget-making business – this is not a § 197 intangible. Or, as a further example, one of your key employees decides to quit; since she knows all of your trade secrets you pay her $250,000 cash in exchange for her signature on a three-year non-compete agreement. How, if at all, would you recover your capitalized investment in the patent and the noncompete agreement for FIT purposes?   (a)  Even though they are not § 197 intangibles you still must amortize the cost of each over 15 years.   (b)  You must amortize the cost of the patent over 15 years but you can amortize the cost of the noncompete agreement over its three-year term.   (c)  You must amortize the cost of the non-compete agreement over 15 years but you can amortize the cost of the patent over its…

With the rise of disruptive technologies, including Artificial Intelligence (AI), theorganisation is finalising the implementation and adoption of new software tomanage the operations and records of the organsiation. Using any one AI disruptiveor emerging technology risk as an example, outline how the risk management  process can be applied to determine the suitability of the technology for theorgansisation. In your answer, mention and describe the risk(s) of the technologyand ensure that the first four steps in the process are outlined in the context ofinformation security.

Kindly prepare five (5) SMART objectives for the post of Court Administrator - Administratively, Financially and Court wise in the Caribbean Court of Justice, Montserrat Circuit.

14) What is a market failure? a) Uncertain and unstable movements in the price of a stock. b) A transaction that cannot be completed in the market environment. c) A product is sold below the market value d) A sudden and dramatic decline in the prices of the stock market.

Explain why each is or is not a pure public good. Where applicable, note instances where the good is both publicly and privately provided:A local parkPolice protectionApplied research   (It plays an important role please write whatever you know)

Described below are situations which have arisen in three unrelated external audit clients of your firm. The year-end in each case is 31 March 20X1. Jade Ltd (Jade) Jade builds and operates fibre optic networks. During the year ended 31 March 20X1, the company incorrectly capitalised costs of £3 million in respect of repairs and maintenance to its networks and included these costs in non-current assets. The directors refuse to make any adjustments in respect of this matter as such an adjustment would cause the company to breach a loan covenant. The total assets of Jade at 31 March 20X1 are £525 million and the profit before tax for the year ended 31 March 20X1 is £71.3 million. Pearl Ltd (Pearl) Pearl maintains continuous inventory records and consequently the company does not perform a physical count at the year end. On 5 May 20X1, a fire in the office at Pearl's warehouse destroyed the company's inventory records and despatch records. The physical inventory was not damaged. There…

Is ESG a current trend or fad? Will ESG survive when held to a Milton Friedman standard that suggests the purpose of a corporation is for the benefit of its shareholders? Or, stated another way, should ESG be the responsibility of corporations or should governments set standards to which corporation must adhere? Can ESG survive without agreed standards? Why or why not?