The economic loss rule holds that in case of a breach of contract, all losses, including mental distress and punitive damages, shall be calculated in favor of the party who suffered the effects of the breach
a. True
b. False
Indicate whether the statement is true or false
False
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Daniel teaches sixth grade at a local elementary school. He significantly increased his salary by earning a master's degree in education. Daniel's increased salary is an example of
A. pay for performance. B. profit sharing. C. a bonus. D. pay for knowledge. E. gainsharing.
Which of the following outcomes is a likely benefit of information technology used for internal control?
A. Enhanced timeliness of information. B. Recording of unauthorized transactions. C. Potential loss of data. D. Processing of unusual or nonrecurring transactions.
When obtaining evidence about internal control operating effectiveness, the auditor will select only entity-wide controls for testing
a. True b. False Indicate whether the statement is true or false
In the Hersey/Blanchard approach, what two variables do follower readiness take into account?
a. follower needs and leadership style b. ability and confidence or motivation on the part of the followers c. follower involvement and situational questions d. follower needs and ability