Was the Barings board of directors culpable for the losses of Nick Leeson?
What will be an ideal response?
No one expected (or wanted) Barings' board of directors to be involved in the operational business of Barings Bank. Its responsibility was to make sure management had reporting systems in place that would expose risks of the nature and magnitude Leeson was taking. Barings' board of directors can also be criticized for ignoring the warnings of internal auditors, external auditors, and regulators.
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The greater the number of interdependent systems, the greater the expected downtime.
Answer the following statement true (T) or false (F)
In a job order costing system, when the goods are sold, the Cost of Goods Sold account is increased, and the Finished Goods Inventory account is decreased for the selling price of the goods sold
Indicate whether the statement is true or false
For a bank, a credit check of a loan applicant is an example of a batch-level activity
Indicate whether the statement is true or false
Which of the universal dilemmas focuses on the virtue of a person found within? (i.e., in conscience, will, core beliefs, principles)
A. sequential time B. inner direction C. specificity D. universalism