Your firm has been wanting to hire another engineer for some time, and your supervisor has just made an offer to someone from out of state. The hiree is in the process of selling his house, and moving his family to your city. But you are well aware that the economic downturn has sharply curtailed business, and you don't see how the current level of business can support another engineer. In fact,
you are all a little concerned about layoffs. You know that your supervisor also knows all of this, but he has told you that he won't withdraw the offer until he absolutely has to. By that time, the hiree may well have sold his home and moved his family, but have no new job with your firm. If the offer is withdrawn under these circumstances, and the hiree sues, which causes of action, if any, might be successful?
a. breach of contract and promissory estoppel
b. promissory estoppel and fraud
c. fraud only
d. breach of contract only
e. none of these
B
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The auditor tests the quantity of materials charged to work in process by tracing these quantities to:
A. receiving reports. B. perpetual inventory records. C. material requisitions. D. cost ledgers.
A general principle of disclosure is that material related-party transactions should be disclosed. As the auditor of the Clarence Company, you have noted the following transactions entered into by Clarence during the past fiscal year: I. Clarence borrowed $1,000,000 from the Southwest Bank issuing a noninterest-bearing note. II. Clarence borrowed $2,000,000 from BH Savings at a rate significantly
above the market rate prevailing at that time for such a borrowing. III. Clarence borrowed $500,000 from First Bank with no scheduled terms for how or when funds will be repaid. Assuming all of the above transactions are material, which transaction or transactions above most likely would be a related party transaction requiring disclosure in Clarence's financial statements? a. Only I above. b. Both II and III above. c. Both I and III above. d. Only III above.
The media scorn the public relations practice of ________
A) finding legitimate news angles that earn product or company mentions in media B) creating a differentiable identity for a client C) using well-known spokespersons without revealing that they are being paid for an endorsement D) pitching news feature stories that have a promotional angle
Of Mintzberg’s five structures, which one is characterized by interrelated project teams normally constituted of experts who share power and decision-making?
a. Adhocracy b. Machine bureaucracy c. Divisionalized form d. Democratic bureaucracy