To help eliminate conflicts of interest, Sarbanes-Oxley prohibits all the following activities by audit firms for their clients, except: ______
A) the design and implementation of financial information systems.
B) actuarial services.
C) management functions and human resources.
D) having multiple clients whose interests may be adverse to each other.
D
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A bill of activities may be used to calculate the product unit costs only for manufacturing concerns but not for service units
Indicate whether the statement is true or false
John reached his sales goal for the first quarter of the year and earned a bonus. What John experienced was __________.
A. positive reinforcement B. punishment—give a bad consequence C. punishment—remove reward D. negative reinforcement E. alternative reinforcement
Shirley Rhone suffered injuries when a truck struck the vehicle in which she was riding. State Auto Mutual Insurance Co was the insurer involved and provided personal injury coverage. Shirley went to see Dr. Allen, a chiropractor who provided treatments
32 times over a 3-month period. Dr. Allen billed State Auto in three separate billings. After paying the first two billings in full, State Auto expressed concern about whether Dr. Allen's charges were excessive. State Auto hired Chiropractic Consultants, Inc to evaluate Dr. Allen's billings. The consultants advised that Dr. Allen's billings were indeed excessive. State Auto then telephoned Dr. Allen and offered a partial payment to settle the account. After this conversation, State Auto issued and sent a check for $864 payable to Dr. Allen. On the face of the check, State Auto noted the total amount allocated to each claim and typed "settlement in full." On the reverse side it said, "The endorsement of this draft by the payee constitutes a clear release and full settlement of the claim or account shown on the other side." Upon receipt of the check, Dr. Allen cashed the check. He then sought payment of an additional $895 . State Auto claims there was an accord and satisfaction with respect to the amount due for services rendered by Dr. Allen. What are the requirements of an accord and satisfaction? Were those requirements met in this case?
Successful firms use project portfolio planning routinely to:
A) Make quantum jumps from one product to another. B) Develop products with long lead times and plan ahead. C) Move as quickly as possible into new territory. D) Move at glacial pace always within the same product line.