Answer the following statement(s) true (T) or false (F)
Radical innovations must be nurtured.
ANSWER: True
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All of the following statements are true except:
a. The threshold for recording items as liabilities is a lower under IFRS than under U.S. GAAP. b. The threshold for recording items as liabilities is a lower under U.S. GAAP than under IFRS. c. IFRS requires a liability to be recorded as a present value amount. d. Under U.S. GAAP, a contingent item should be recorded as a liability if the loss or outflow is probable and can be reasonably estimated.
Ethics training programs should contain which of the following?
A) Messages from the CEO or business owner emphasizing ethical business practices B) The development and discussion of codes of ethics C) Procedures for discussing unethical behavior D) Procedures for reporting unethical behavior E) All of the above
The business continuity team should be headed by ________
A) a senior business manager B) the chief information officer C) the chief security officer D) None of the above
Lindley Corp.'s stock price at the end of last year was $33.50, and its book value per share was $25.00. What was its market/book ratio?
A. 1.34 B. 1.41 C. 1.48 D. 1.55 E. 1.63