Crackpots are users who spread positive information about companies
Indicate whether the statement is true or false
FALSE
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Tech Geeks, a sole proprietorship that uses contract labor, has all of its authority centralized in a single person (the owner), a flat hierarchy, few rules, and low work specialization. Tech Geeks is an organization with a
A. team-based design. B. simple structure. C. hollow structure. D. functional structure. E. horizontal design.
The seller's basic obligation under the UCC is to:
a. ensure the buyer does not lose money b. transfer and deliver goods that conform to the contract to the buyer c. represent the goods properly d. refrain from swindling unsuspecting buyers e. arrange all elements of the transaction and deal with any problems that arise
Larceny. In February 2001, a homeowner hired Jimmy Smith, a contractor claiming to employ a crew of thirty workers, to build a garage. The homeowner paid Smith $7,950 and agreed to make additional payments as needed to complete the project, up to
$15,900. Smith promised to start the next day and finish within eight weeks. Nearly a month passed with no work, while Smith lied to the homeowner that materials were on "back order." During a second month, footings were created for the foundation, and a subcontractor poured the concrete slab, but Smith did not return the homeowner's phone calls. After eight weeks, the homeowner confronted Smith, who promised to complete the job, worked on the site that day until lunch, and never returned. Three months later, the homeowner again confronted Smith, who promised to "pay
Which principle of internal control states that you should assign each task to only one employee?
A. Establishing responsibility B. Independently verifying C. Restricting access D. Segregation of duties