Company XYZ had a long-standing relationship with a leading law firm. In fact, the law firm's business with this company was one of its most profitable relationships. If the law firm decides that it no longer wants to conduct business with the company, this is:
a. indicative that the company might have a lot of customer law suits against it.
b. not any sort of meaningful indicator of fraud activity.
c. a large cause for concern that financial statement fraud may be occurring.
d. an indication that the client has likely outgrown the law firm.
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct. Lawyers rarely give up a profitable client unless something is very wrong.
d. Incorrect.
You might also like to view...
The pricing method that establishes selling prices based on a specified rate of return on the assets employed in the operation is
a. target cost pricing. b. return on assets pricing. c. time and materials pricing. d. gross margin pricing.
Complex products are the most well-suited for word-of-mouth communication
Indicate whether the statement is true or false
Which of the following sentences is in passive voice??
A) ?The sales department did not meet its targets last month. B) ?The project team has achieved great results. C) ?A great job was done by the marketing research department. D) ?A new manager in the company has given a few suggestions.
Generally, under employment-at-will doctrine, an employee may quit a job at any time for any reason.
Answer the following statement true (T) or false (F)