Explain the term opportunism with respect to business relationships
What will be an ideal response?
When buyers cannot easily monitor supplier performance, the supplier might shirk or cheat and not deliver the expected value. Opportunism is "some form of cheating or undersupply relative to an implicit or explicit contract." It may entail blatant self-serving and deliberate misrepresentation that violates contractual agreements.
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Which of the following is among the three most common complaints against small or mid-sized CPA firms, according to the Journal of Accountancy?
a. failure to exercise due professional care b. misappropriation of funds c. collusion with client for the purposes of tax fraud d. general sloppiness of work for client
A common stock's par value is always equal to the market value of the stock on the last day of the fiscal year in which the stock is issued.
Answer the following statement true (T) or false (F)
The ____________________ rule is used to calculate the probability of the union of two events
Fill in the blank(s) with correct word
Organic firms are ________ changing competitive demands.
A) faster at responding to B) slower at responding to C) usually unaware of D) less likely to catch up with E) unconcerned about