Explain the characteristics of management fraud
Management fraud typically occurs at levels above where the internal control system is effective.
Financial statements are frequently modified to make the firm appear more healthy than it actually is.
If any misappropriation of assets occurs, it is usually well hidden.
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Successfully persuading other increases our sense of ______ and it helps to facilitate our ______ balance.
Fill in the blank(s) with the appropriate word(s).
Outstanding shares represent the:
A) number of previously issued shares that have been repurchased by the corporation. B) number of shares that the corporation has sold. C) number of shares that are currently held by stockholders. D) maximum number of shares that can be sold by the corporation.
A personal injury client fell on a french fry while in a popular restaurant. The fact that this client colors her hair is likely:
A) a material fact. B) an immaterial fact. C) a moot question. D) a material opinion.
The 4 major components of traditional U.S. union contracts include all of the following except:
A. Employee rights B. Management rights C. Job Rights D. Government rights