If noncompliance with a law is discovered during the audit of a publicly held company, the auditors should first:
A. Determine who was responsible for the noncompliance.
B. Report the act to those in charge of governance within the client's organization.
C. Notify the regulatory authorities.
D. Intensify the examination to identify noncompliance with any laws.
Answer: B
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Which of the following is a factor that determines a product's life cycle stage?
A) the length of time the product sits in the warehouse before shipping B) the product's benefits and the importance of the needs it fulfills C) the competitors' compensation structure for salespeople D) changes in the product's production method E) the length of time a product has been around
Describe the backward research process
What will be an ideal response?
Communicators in low-context cultures
A) often imply conclusions rather than directly stating them. B) tend to be logical, analytical, and action oriented. C) tend to be intuitive and contemplative. D) emphasize interpersonal relationships, nonverbal expression, physical setting, and social setting.
Which of the following is not a reason that first movers are better positioned to satisfy their customers?
A. They have a chance to select and secure the most attractive segments of the market B. They have less uncertainty over the nature of the market C. They have the chance to position themselves at the center of the market D. They have a chance to establish their product as the industry standard