Selection-socialization bias in audit firms pertains to:
A. Whether a firm hires and promotes individuals who fit into the prevailing firm culture and whether individuals unable to fit leave
B. Whether a firm fires individuals who do not fit into the prevailing firm culture
C. Whether individuals choose to work for a particular firm
D. Effective leadership and followership
A. Whether a firm hires and promotes individuals who fit into the prevailing firm culture and whether individuals unable to fit leave
You might also like to view...
Which of the following is the most serious limitation to financial statement analysis of publicly traded companies?
a. Some companies do not use GAAP. b. Inflation can distort comparisons between years. c. Some companies report nonoperating items such as extraordinary gains and losses, while others do not. d. Different industries use different account names.
Consider the Japanese market for jetliners as depicted in Figure 6.5. Suppose the lone producer of jetliners in the world is Boeing, which faces a constant marginal cost of $20 million per jetliner, but now a European manufacturer, Airbus, begins production. Airbus faces the same marginal cost as Boeing, but the European government provides Airbus with a subsidy of $8 million per jetliner produced. As a result of the competition, Boeing leaves the Japanese market, leaving Airbus as a monopoly. As a result of the entry of the subsidized producer, what will happen to the consumer surplus gained by Japanese airlines from buying jetliners?
a. decrease by $109 million b. nothing c. increase by $50 million d. increase by $109 million
You want to open a sushi bar 3 years from now, and you plan to save $7,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5.2% interest. Under these assumptions, how much will you have 3 years from today?
A. $20,993 B. $22,098 C. $23,261 D. $24,424 E. $25,645
The cost of activities that are incurred to correct defective products before they are shipped are:
a. prevention costs. b. appraisal costs. c. internal failure costs. d. external failure costs.