________ are/is one of the disadvantages commonly associated with a diversified workforce.
A. Increased communication problems
B. Increased groupthink
C. Enhanced cohesiveness
D. Reduced organizational flexibility
E. Reduced creativity and innovation
Answer: A
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In general, FASB standards concerning property, plant, and equipment are similar to the international accounting standards, with two important differences
a. True b. False Indicate whether the statement is true or false
An auditor has been asked to report on the balance sheet of Kane Company but not on the other basic financial statements. The auditor will have access to all information underlying the basic financial statements. Under these circumstances, the auditor:
A. Should refuse the engagement because of a departure from generally accepted auditing standards. B. Should refuse the engagement because there is a client-imposed scope limitation. C. May accept the engagement but must disclaim an opinion because of an inability to apply the procedures considered necessary. D. May accept the engagement.
Which of the following statements is true?
a. Gap analysis is a tool that can help identify and prioritize necessary changes in a cost management system(CMS). b. Gap analysis assesses differences between the CMS an organization presently has and the one they would like to have. c. In many cases, system gaps cannot be eliminated in the short run. d. All of the above statements are true.
Social Security provides the average retired wage earner (who is married) with _________ percent of the wages he or she was earning in the year before retirement.
a. 20 to 40 b. 30 to 50 c. 40 to 60 d. 60 to 80 e. 100