Unlike promoted leaders, derailed leaders most likely ________.
A. lack technical expertise
B. are dumb and weak-minded
C. lack ambition and career goals
D. are unable to delegate or build a team
Answer: D
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Assume the current ratio is 2 to 1 . Payment on accrued salaries payable would cause the current ratio to
a. increase b. decrease c. be unchanged since the effects offset one another d. be unchanged since it has no impact on any current accounts
The reported fair market value of securities held by the client can be verified by the auditor through which of the following procedures?
a. Comparing the values to those securities held by the auditing firm. b. Confirming the fair values with the client as of the close of the year. c. Comparing the fair values with the fair values of similar securities. d. Comparing the fair values to credible publications and websites.
The amount of depletion of a coal mine in a year may differ from the depletion expense in the same year because
A) depletion expense includes other costs in addition to depletion. B) depletion is based on the passage of time, whereas depletion expense is not. C) the mine is not in operation all year. D) some coal is unsold at the end of the year.
Someone who makes moral and ethical decisions based on his own beliefs is applying which
moral theory? A) Utilitarianism B) Ethical relativism C) Ethical fundamentalism D) Kantian ethics E) Rawls's distributive justice theory