Executives in a Wall Street Journal/Gallup survey identified integrity, industriousness, and the ability to get along with people as the three most important traits for successful managers. Discuss why each of these traits is important for success as a manager.
What will be an ideal response?
Answers to this question will vary but should include discussions of not only how a manager must be able to be self-motivated but also how a manager needs to motivate other people to do the same.
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Corporate policies designed to attract, train, and evaluate competent employees are considered to be control activities in the COSO framework for internal controls
a. True b. False Indicate whether the statement is true or false
The Sarbanes-Oxley Act of 2002 is a federal law in the United States that set new and enhanced standards for all U.S. public companies, their management and public accounting firms.
Answer the following statement true (T) or false (F)
Permanent funds can be either a governmental fund or a fiduciary fund where only income on donated assets may be spent.
Answer the following statement true (T) or false (F)
If a company records prepayment of expenses in an asset account, the adjusting entry when all or part of the prepaid asset is used or expired would:
A. Cause an adjustment to prior expense to be overstated and assets to be understated. B. Result in a debit to a liability and a credit to an asset account. C. Decrease cash. D. Result in a debit to an expense and a credit to an asset account. E. Cause an accrued liability account to exist.