Specialization increases output and decreases costs by:
A) allowing a company to make a wide variety of different products.
B) reducing setup time for each part.
C) enabling labor to develop speed and dexterity.
D) A and B above only
E) none of the above
C
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Which of the following is a lifestyle symptom associated with revenue-related fraud?
a. Too little cash is collected relative to reported revenues. b. Weaknesses in the cutoff processes or other key accounting processes. c. Untrue responses by management to queries about revenue-related accounts. d. Executives' personal net worth tied up in company stock.
Mitch takes his two best suits to Quality Cleaners and receives a ticket as a receipt. Quality tells Mitch his suits will be cleaned and will be ready to be picked up on Monday. Another customer overhears the exchange and early on Monday goes to Quality, convinces the worker he is Mitch but that he has lost his receipt. He identifies and retrieves the suits, which happen to fit him perfectly,
too. Quality Cleaners a. is strictly liable to Mitch for the suits. b. is liable to Mitch only if Mitch can prove Quality was grossly negligent. c. has no liability unless Mitch proves Quality did not use ordinary care. d. will avoid liability if the receipt contained an exculpatory clause excluding gross negligence.
Select the activity that is NOT a vital source of useful observations regarding nonverbal communications.
A. visiting plants B. visiting people C. visiting other locations D. noting speech cadence E. getting a firsthand view
__________ liability is the responsibility of an acquirer of corporate assets for the liabilities of the seller
a. Parent b. Successor c. Subsidiary d. Environmental