In Lightle v. Real Estate Commission, involving a real estate agent in a dispute over a house sale, the Alaska high court held that the claim of fraudulent misrepresentation against Lightle was justified because:
a. Lightle wanted to buy the house and so misled other buyers
b. Lightle failed to tell the sellers that there were offers on the house c. Lightle made racist remarks about the potential buyers
d. Lightle made a full disclosure that revealed facts that "might have affected the recipient's conduct in the transaction in hand."
e. none of the other choices are correct
e
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Which of the following is a teleological theory based on the laissez-faire theory of capitalism?
A. Profit maximization B. Difference principle C. Rule utilitarianism D. Act utilitarianism
Which of the following led to the adoption of the 1991 Sentencing Guidelines for use by federal judges?
A) public perception that judges were not giving long enough sentences to white-collar criminals and were not imposing large enough fines B) public perception that corporate executives were unfairly prejudicing the jury C) public perception that judges were giving unfairly lengthy sentences to white-collar criminals and were imposing fines that were too large D) public perception that judges were not considering all relevant facts in the conviction of a corporate executive
When marketers segment based on psychographics, the market is divided into groups according to
A. the reason why the consumer made the purchase. B. how consumers act toward products. C. a consumer's income and interest in the product. D. how convenient the product is for the consumer. E. family size and marital status.
John is a CPA in charge of auditing his client, McMillen & Co. John's duty of care to McMillen will most likely be breached if John
A. gives his client an oral report instead of a written report. B. gives his client incorrect advice based on an honest error in judgment. C. fails to give tax advice that would save his client money. D. fails to follow generally accepted auditing standards (GAAS).