Management development programs rely heavily on participative methods such as case studies and role playing to instruct employees.
Answer the following statement true (T) or false (F)
True
Rationale: Participative and experiential methods allow the manager to experience the problems of being a manager as well as the feelings of frustration, doubt, and success that are part of the job.
You might also like to view...
For a complex IT system, auditors are least likely to use which of the following when documenting their understanding of internal controls?
A. Organization charts. B. Narratives. C. Internal control questionnaires. D. Flowcharts.
Answer the following statements true (T) or false (F)
1. In a standard cost system, the manufacturing overhead allocated to production equals the standard overhead allocation rate multiplied by the standard quantity of the allocation base allowed for expected output. 2. To compute the variable overhead cost variance, first compute the difference between actual cost and standard cost. Then, multiply this difference by standard quantity. between actual cost and standard cost. Then, multiply this difference by actual quantity. 4. The fixed overhead cost variance measures the difference between actual fixed overhead and budgeted fixed overhead to determine the controllable portion of total fixed overhead variance. 5. The fixed overhead cost variance measures the difference between actual fixed overhead and allocated fixed overhead.
Objective theory of contracts states that the intent to contract is judged by the reasonable person standard and not by the subjective intent of the parties
Indicate whether the statement is true or false
Which of the following statements regarding external auditors is true?
a. they are employees of the IRS who evaluate the internal controls of companies filing tax returns b. they are hired by a company to evaluate the effectiveness of internal controls c. they cannot evaluate the system of internal controls of the company that employs them because they are not independent d. they preform internal controls for the companies that employs them