In Grant Thornton v. Prospect High Income Fund, the Texas Supreme Court held:
A. Auditors were not liable for ordinary negligence
B. Management is responsible for the financial statements
C. Auditors were not liable for accurate accounting to anyone who reads and relies upon the audit report
D. Auditors are not guarantors of accurate and reliable financial statements
Answer: C
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MaryJo, a job applicant at Sleep Corp., discovers that the job she is applying for requires her to be a union member before being hired. She also learns that this arrangement is illegal under the National Labor Relations Act. In the context of the security provisions related to union membership, this Sleep Corp. has a(n) ________ arrangement.
A. open shop B. closed shop C. checkoff provision D. agency shop E. union shop
Too much cooperation within a group can cause problems because:
a. It reduces cohesion. b. It can cause group members to put task success ahead of social relations. c. It can reduce the likelihood of the Abiline Paradox. d. It can lead to unhealthy agreement among group members.
Moreland Manufacturing Inc Moreland Manufacturing Inc produces and sells stainless steel faucets. In the current year, the company had budgeted for the production and sale of 6,000 faucets but, due to unexpected demand, 7,000 faucets were actually produced and sold. Each faucet has a standard requiring 15 ounces of direct material at a cost of $.40 per ounce and 15 minutes of assembly time at a
cost of $.20 per minute. Actual costs for the production of 7,000 faucets were $41,359.50 for materials (106,050 ounces purchased and used @ $.39 per ounce) and $21,560 for labor (98,000 minutes @ $.22 per minute). Refer to the Moreland Manufacturing Inc information above. Moreland's direct materials price variance is: A) $1,050.00 F. B) $1,050.00 U. C) $1,060.50 F. D) $1,060.50 U.
The ________ probability distribution is a continuous probability distribution often used to describe the service time in a queuing system
Fill in the blanks with correct word