Discuss the concept of a "material fact" in fraud situations


The statement must first be a fact, not an opinion. "This car is the best" would not be the type of statement that should be relied upon. Contrast that type of statement with, "this car gets 28 miles per gallon." This is a statement of fact upon which someone would rely. The statement must also be material, that is important in the decision to enter into the contract. For the fact to be material, the maker must have expected the other party to rely on the statement, and the other party must have relied upon it.

Business

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An advantage of the current ratio is that it considers the makeup of the current assets

a. True b. False Indicate whether the statement is true or false

Business

Of the elements in the job characteristics model, which one is defined as the extent to which an employee completes an entire piece of work from start to finish?

What will be an ideal response?

Business

Which of the following would represent an individual who is a natural self-leader?

a. High self-monitor b. Low self-monitor c. External locus of control d. Low conscientiousness

Business

Answer the following statements true (T) or false (F)

1. Utilitarian decision makers may reach different conclusions when faced with the same dilemma. 2. Utilitarian decision makers are only concerned with developing personal character. 3. Confucius believed “what is right for one is right for all.” 4. Rawl’s principles are designed to foster cooperation and standards within organizations and democracies.

Business