Possession of resources is an argument for social responsibility.
Answer the following statement true (T) or false (F)
True
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Generally, the lower the number of days' sales in inventory, the better
Indicate whether the statement is true or false
A city has its pay structure established by classes of employees. For example, there are administrative staff and maintenance staff. The administrative staff's pay rate is higher and employees in those jobs are nearly all white male. The maintenance
staff's rates are lower and the employees there are nearly all female. Several female employees have brought suit challenging the pay structure as violative of Title VII. Is there a problem?
Heidi invests $1,000 in a taxable bond for 5 years that earns 4% interest per year. Her marginal tax rate is 15%. What is her after-tax accumulated investment at the end of year 5 (assume that bond interest is reinvested at the same rate)?
A) $1,182 B) $1,143 C) $1,020 D) $1,762
Negligence is the failure to perform a duty with the requisite standard of care. What are the four elements of negligence and what would be an auditor's defence against them?
What will be an ideal response?