If financial markets are efficient, that negates the importance of financial planning
Indicate whether the statement is true or false
FALSE
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Which of the following statements is true regarding the ethical standards of management accountants?
a. Management accountants are not obligated to develop their knowledge and skills beyond the level they had when they sought employment with the company. b. Management accountants are not responsible for monitoring their subordinates to ensure maintenance of confidentiality within the company. c. Management accountants are allowed privacy and are not bound to refrain from supporting activities of personal interest even when they could discredit the profession. d. Management accountants should refrain from relationships with individuals that could cause possible conflicts of interest.
Which of the following is NOT a relevant consideration in determining whether a person performing services for another in an employment relationship is an employee or an independent contractor?
A) Whether the individual has the potential to make a profit or a loss from the employment relationship B) The extent to which the individual is controlled by the employer in the performance of the agreed duties C) The amount of money being paid for the performance of the task. D) The fact that the parties call the relationship independent contractor E) All of the above are relevant considerations.
In CASE 13.1 Green v. Franklin National Bank of Minneapolis (2006), plaintiff sued her employer-Bank after a co-worker repeatedly called her "monkey" and used other slurs. In its decision, the court held for the __________, ruling that __________
a. plaintiff, the statements were sufficient to create a "racially hostile"work environment and that the plaintiff could recover regardless of whether the defending employer took prompt and appropriate remedial action against the offending employee. b. plaintiff, the statements were sufficient to create a "racially hostile" work environment but that the plaintiff could not recover because the defending employer took prompt and appropriate remedial action against the offending employee. c. bank, the statements were insufficient to create a "racially hostile" work environment. d. bank, the statements were insufficient to create a "racially hostile" work environment and also that the plaintiff failed to follow the employer's complaint procedure.
If a repossessed product is sold for more than what is owed by the debtor:
a. the seller is not obligated to return the difference b. the seller is obligated to return the difference c. the debtor and seller must split the difference d. the seller must give the debtor at least 50% of the difference e. none of the other choices are correct