Compliance with GAAP was an unsuccessful defense in which of the following court cases?
a. Credit Alliance v. Arthur Andersen & Co..
b. Ultramares Corp. v. Touche.
c. Ernst and Ernst v. Hochfelder.
d. Herzfeld v. Laventhol, Krekstein, Horwath & Horwath
d
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For new entrepreneurs, which of the following would be a good reason to undertake a part-time business first before a full-time one?
A. To gain basic experience B. To increase competition in a specific industry C. To buy an existing business D. To open a franchise
In order for a customer to arrive at a buying decision, the salesperson should present the product according to:
A) the individual customer's needs B) the salesperson's point of view C) a standardized procedure or presentation D) the buyer profile based on industry research E) the chronological timeline of the product
A study by Rarick and Vitton found that firms with a formalized mission statement have ________ the average return on shareholders’ equity than those firms without a formalized mission statement.
A) one-quarter B) half C) twice D) three times E) five times
A company has a goal to maintain the current employment level, but places more importance on laying employees off than on hiring new employees. In other words, the company would rather hire than lay off employees
If the company assigns a "penalty weight" of 4 for the amount under the employment goal (goal 2) and a weight of 2 for the amount over the employment goal, how would this be expressed in the objective function? A) Min 4P2d2- + 2P2d2+ B) Min 2P2d2- + 4P2d2+ C) Max 4P2d2- + 2P2d2+ D) Min 4P2d2+ + 2P2d2-