No matter what value it has, each objective function line is parallel to every other objective function line in a problem
Indicate whether the statement is true or false
T
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Which of the following is true regarding the government-wide Statement of Activities?
A. General revenues include items such as charges for services and program fees. B. Both General revenues include items such as charges for services and program fees and Fiduciary activities are included. C. Neither General revenues include items such as charges for services and program fees nor Fiduciary activities are included. D. Fiduciary activities are included.
Significant changes in the competitive market and a decrease in the competitiveness of the client's products are potential indicators of going-concern problems
a. True b. False Indicate whether the statement is true or false
Orientation programs should include five important elements. Which of the following elements is NOT one of the elements?
a. a tour b. specification of job tasks and responsibilities c. description of organization and department functions d. introduction to top management
Ben Small, a sole practitioner, has just decided to form a law partnership with his lifetime friend, Harvey Steptoe. They agree to name the firm Steptoe and Small and to split all profits. Ben is also a director for a publicly-traded telecommunications firm, NewVector, Inc Ben has just learned that Harvey is lead counsel is a lawsuit against NewVector. Ben continues to serve as a board member and
participates in sensitive discussions about the lawsuit. Ben does not disclose that Steptoe is his partner. Ben's feeling is that he and Harvey are as honest as the day is long and neither would compromise their duties to NewVector and client, respectively. a. Ben has a conflict of interest and must either resign as a director or leave the partnership. b. The pledge of both Ben and Harvey is sufficient to cover the ethical issues on conflict. c. It is Harvey's obligation to take action, not Ben's. d. None of the above