Odette, an accountant, contracts to perform services for Percy. Odette acts in good faith and conforms to generally accepted accounting principles, but makes an incorrect judgment. Odette is most likely?
A) liable if Odette failed to discover a defalcation
B) liable if Odette failed to discover a fraud.
C) liable if Odette failed to discover an impropriety.
D) not liable.
D
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In the two-period model, suppose a household's income in the first period is $40,000, income in the second period is $50,000, and the real interest rate is 25 percent. The government proposes to give the household a tax rebate of $5,000 in the first period, but will tax the household an additional $5,000 × 1.25 = $6,250 in the second period. The household is ____ under the government's tax rebate plan compared with before.
A. better off B. worse off C. equally well off D. possibly better off and possibly worse off
Which one of the following is not a typical step used to implement an attribute sampling plan?
a. Define the attributes of interest and what constitutes failure(s). b. Select and test the sample items. c. Evaluate the sample results. d. Define the non-statistical sampling method that is most effective and efficient.
Domestic agriculture support programs are politically charged issues that are obstacles to achieving the principles of GATT/WTO
Indicate whether the statement is true or false
The principle of stare decisis requires that all similar cases be decided the same way
Indicate whether the statement is true or false