A shareholder is permitted to bring suit as a representative of the corporation only if the directors refuse or have a conflict of interest that is likely to keep them from suing.
Answer the following statement true (T) or false (F)
True
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As a result of tests of controls, an auditor incorrectly assessed control risk too low and decreased substantive testing. This assessment occurred because the true deviation rate in the population was:
A. less than the risk of assessing control risk too low based on the auditor's sample. B. less than the deviation rate in the auditor's sample. C. more than the deviation rate in the auditor's sample. D. more than the risk of assessing control risk too low based on the auditor's sample.
_______ is the belief that some acts are always right or always wrong, whereas ______ is the belief that a decision may be right even if it is not in keeping with our own ethical standards.?
A) Moral universalism; moral relativism B) Moral relativism; moral universalism C) Utilitarianism; deontological ethics D) Deontological ethics; utilitarianism
Which of the following is true of a corporation?? A) ?It is an artificial being, existing only in contemplation of law
B) ?Directors of a corporation as a group do not represent the corporation as agents. C) ?Stockholders perform all the administrative functions of the corporation. D) ?Stockholders directly control the day to day activities of a corporation.
Each column in the dataset represents one ________
A) object B) method C) operation D) attribute