In states where limited liability limited partnerships (LLLPs) are available, a limited partnership may register as an LLLP without having to form a new organization
Indicate whether the statement is true or false
True
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_______ perspectives are theories that try to understand the thought processes by which people decide how to act.
A. Needs-based B. Reinforcement C. Job design D. Process E. Cognitive
Which of the following statements is true of employees as stakeholders of an organization?
A) Employees are always aware of competitive alternatives and are therefore not subject to inequitable treatment. B) Employees are voluntary stakeholders and have limited bargaining power. C) Employees hold securities and lend financial resources to firms. D) Employees are responsible for shaping the overall mission or goal and the strategy and structure of the organization.
When obtaining evidence about internal control operating effectiveness, the auditor will select only entity-wide controls for testing
a. True b. False Indicate whether the statement is true or false
Which of the following is an appropriate internal control activity for cash?
A) Recordkeeping and custodianship over cash should be performed by the same person. B) The amount of cash on hand should be kept to a minimum. C) Banking facilities should be used as little as possible. D) All payments should be made with currency, not checks.