38) Which three of the following are business risks a fast food restaurant could face? (choose three options) A) Capital structure that is basic B) Quickly changing customer preferences C) Strong competition D) Employee turnover 39) An indirect effect is an audit situation in which noncompliance with laws and regulations ________. (choose two options) A) does not require the creation of a contingent liability or an additional disclosure B) could require the creation of a contingent liability or an additional disclosure C) does not have an explicit impact on amounts and disclosures in the financial statements D) has an explicit impact on amounts and disclosures in the financial statements 40) Companies that agree to debt covenants with lenders when taking on loans often make promises to ________. (choose three options) A) seek the lender's permission before acquiring other companies B) maintain high technological standards in its production processes C) seek the lender's permission before taking on new borrowings D) maintain specified profitability, liquidity, or other financial ratios 41) Net operating cycle measures how many days, on average, it takes a company to ________. (choose three options) A) collect the receivable B) restock inventory C) pay back creditors D) purchase and sell inventory 42) Which three of the following are risks associated with IT? (choose three options) A) Unauthorized access to software B) Errors in programs C) Multiple backups D) Loss of data