What are the big five personality factors, and what are the characteristics of each of the factors?
What will be an ideal response?
This is a fairly simple question and so no student who has attended classes and completed the prescribed reading should have a problem writing a pass answer. Such an answer will correctly identify and describe the big five (agreeableness, openness, extraversion, emotional stability and conscientiousness). The better student will describe the characteristics of high and low scores on each dimension. Some students may also discuss the big five within the context of trait-based theories. An exceptional answer will go beyond the readings and will demonstrate wider reading and research.
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For each of the independent cases below, identify the principle of internal control that is violated, and recommend what should be done to remedy the violation.1. In order to save money, Indigo Company has decided to drop its property insurance on assets; and stop bonding the cashiers who handle upwards of $5,000 in cash each day.2. Jobs Company records each sale on a preprinted invoice. Because invoices are sometimes damaged in the process of preparation, the invoices are not prenumbered. Instead, the sales clerk writes the next number on each invoice as it is prepared.3. Keegan Company is a very small business. Dylan Epps, one of the two office clerks, opens the mail each day and removes the cash receipts that come in the mail. Dylan also records the receipts in the cash records and the
customer's account and deposits the cash in the bank.4. Ludwig Company prides itself on hiring only the most competent employees. The owner, Jeremy Ludwig, believes that since the employees are highly competent he can show he trusts them completely by not checking up on their performance.5. Maple Industries is a small business with three accounting employees. Each employee is well-trained and able to perform any of the accounting tasks, including handling cash receipts and cash payments, and preparing the bank reconciliation. Because of this cross-training, the employees share responsibilities for all of the tasks. What will be an ideal response?
Which of the following is true of a market version of utilitarianism?
A. A government regulator determines the safety standards in the marketplace. B. Individuals calculate for themselves what risks they wish to take. C. Social science determines policies to maximize the overall good. D. Questions of safety and risk are determined by experts.
The ____________________ is the U.S. federal government agency with the ultimate authority to determine the accounting rules for companies whose stock is sold to the public
Fill in the blank(s) with correct word
________ are investments in securities that are not readily convertible to cash, or are not intended to be converted to cash in the short-term.
What will be an ideal response?