Which of the following is one of the seven characteristics of organizational culture?
A. strategy orientation
B. process orientation
C. peer orientation
D. outcome orientation
D. outcome orientation
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SFAC No. 5 defines disclosure as:
a. presentation of information in the financial statements. b. presentation of information by means other than recognition in the financial statements. c. recognition of information in the financial statements or footnotes. d. presentation of information in any source available.
When reacting to a crisis, an organization benefits from breaking a story before media outlets because the ________
A) situation can be covered up B) stakeholders can be informed C) message can be controlled D) details can be omitted E) event can be trivialized
A promise that neither confers any benefit on the promisee nor subjects the promisor to any detriment is an illusory promise
a. True b. False Indicate whether the statement is true or false
What is the purpose of the asset valuation reserve?
A) To absorb losses arising from sales of assets for less than their cost (capital losses) B) To absorb losses arising from the insolvency of debtors (credit losses) C) To absorb losses caused by changes (increases) in interest rates on government securities D) To absorb losses caused by guaranty fund assessments made against insurer assets