At Value Inc., there are specific steps to be followed when applying for a day off. First, an employee has to apply to his or her immediate supervisors. After getting their approval, he or she has to get it signed by the branch manager. Then, a copy of the leave application has to be submitted to the HR department. These mandatory steps are referred to as ________.
A. ethics
B. goals
C. policies
D. procedures
Answer: D
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Most auto manufacturers have arbitration programs
Indicate whether the statement is true or false.
A ________ shopping center is an upscale retail operation that also offers fine dining and entertainment options and is often located within affluent neighborhoods.
A. luxury B. premium C. high-end D. exclusive E. lifestyle
Dwight believes that a new phone to be sold by Ear Candy Corporation will become the most widely bought and used phone in the global market. Dwight enters into a contract to buy 500 shares of Ear Candy stock, anticipating an increase in its value. If the price of the stock does not rise, Dwight can recover A) nothing
B) the amount of the purchase price. C) the amount of the purchase price plus the expected increase. D) the amount of the purchase price plus the unexpected decrease.
Which of the following best describes a portion of the auditors' responsibility regarding noncompliance with laws by clients?
A. If audit procedures reveal noncompliance, the auditors should take appropriate actions. B. The auditors' responsibility for the detection of all noncompliance is the same as their responsibility regarding material misstatements due to errors and fraud. C. If the auditors suspect noncompliance, they should conduct a legal audit of the company. D. The auditors have a responsibility to discover all material noncompliance.