Describe the difference between the causal process and the effectuation process.
What will be an ideal response?
Effectuation is process that starts with what one has (who they are, what they know, and whom they know) and selects among possible outcomes. Basically identifying resources and THEN finding an opportunity to fit whereas the casual process starts with a desired outcome and focuses on the means (what resources are needed) to generate that outcome.
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After completing the preliminary phase of the review of internal control, the auditor decides not to rely on the system to restrict substantive procedures. Documentation may be limited to the auditor's:
A. basis for concluding that errors and fraud will be prevented. B. reasons for deciding not to extend the review. C. completed internal control questionnaire. D. understanding of the internal control.
James, a casino manager, defines and uses signals and symbols to influence corporate culture by communicating central values to employees. As such, James can be described as a(n) __________ leader.
A. egalitarian B. totalitarian C. cultural D. servant E. transitional
The overriding concern of the SEC is that ________
A) all companies have the right to know as soon as possible whether they will need to appear in court B) all public relations practitioners should be the first to receive material information C) all investors have an opportunity to learn about material information as promptly as possible D) management, public relations practitioners, other employees are guaranteed access to material information before outside investors
All of the following are simple steps for optimizing Web page content that can reduce response times except:
A) reducing unnecessary HTML comments. B) segmenting computer servers to perform dedicated functions. C) using more efficient graphics. D) avoiding unnecessary links to other pages on the site.