One of the 14 principles of management identified by Henri Fayol was the subordination of individual interest to the general interest.
Answer the following statement true (T) or false (F)
True
Fayol identified 14 principles of management: division of work, authority, discipline, unity of command, unity of direction, subordination of individual interest to the general interest, remuneration, centralization, scalar chain, order, equity, stability and tenure of personnel, initiative, and esprit de corps.
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The state of Idaho has a two-year statute of limitations for personal injury actions. Graham was injured by Alice in a car accident on January 1, 2013. If Graham wants to bring a lawsuit against Alice on January 15, 2015, which of the following is most likely to be the outcome?
A. Graham is allowed to sue Alice after appealing for an extension of the statute of limitations. B. Graham is not allowed to sue Alice, having lost his right to sue her. C. Graham can sue Alice but will not receive damages. D. Graham can sue Alice but is not entitled to a jury trial.
What are the components of audit risk?
Which of the following is a reason a predecessor auditor can decline to reply to a firm's current auditor?
a. Data is under court order. b. They must always respond. c. The client does not approve of confidential information being shared. d. Both A and C are correct.
Which of the following items on the income statement is not disclosed net of tax?
a. Unusual or infrequent item disclosed separately b. Discontinued operations c. Extraordinary loss d. Cumulative effect of change in accounting principle e. Unusual or infrequent item disclosed separately and discontinued operations are both not disclosed net of tax