Ocean marine policies are typically "specified perils" contracts

Indicate whether the statement is true or false


FALSE

Business

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The adjusting entry to adjust supplies was omitted at the end of the year. This would effect the income statements by having

A) expenses understated and therefore net income overstated B) revenues understated and therefore net income understated C) expenses understated and therefore net income understated D) expenses overstated and therefore net income understated

Business

Rebecca informed all her employees that their ethical decision-making would be covered during performance appraisals. In other words, Rebecca let everyone know that being ethical was a part of the job and they would be appraised on it. It appears Rebecca is using her _______ to try to create an ethical workplace.

A. authority B. responsibility C. accountability D. doing the right thing

Business

The teambuilding consultant should prescribe solutions to the members of a work team

Indicate whether the statement is true or false.

Business

Explain the meaning of the fraud triangle and each of its elements.

What will be an ideal response?

Business