In a partially disclosed agency, the contracting third party transacts directly with the principal and does not know the identity of the agent
Indicate whether the statement is true or false
FALSE
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If 50,000 shares are authorized, 41,000 shares are issued, and 2,000 shares are reacquired, the number of outstanding shares is 43,000
a. True b. False Indicate whether the statement is true or false
According to KPMG’s ethics defense model, what is the “second line of defense” for ensuring ethical and legal compliance?
a. business managers b. internal audits c. the ethics and compliance officer d. operations managers
Which one of the approaches for the allowance procedure emphasizes matching bad debts expense with revenue on the income statement?
A) The percentage-of-receivables approach B) The percentage-of-sales approach C) The percentage of accounts written off approach D) The direct write off method
Max Weber developed the
A. principles of bureaucracy. B. contingency theory. C. principles of scientific management. D. Theory X and Theory Y assumptions. E. principles of management.