Section 18(a) of the Securities Act of 1934:
A. makes an accountant liable for accidental mistakes in the audit.
B. requires that the plaintiff prove reliance.
C. requires the accountant to prove that he exercised due diligence.
D. is not triggered by reliance.
Answer: B
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The Practice (Scenario)Kelly Rae works for an ophthalmologist's office where she has been employed as a technician for approximately one year. Kelly has been promoted to the position of clinic coordinator where she is responsible for ensuring operational efficiency and effectiveness by managing and training other technicians, overseeing the doctor's schedules, and coordinating activities between the scheduling desk, the technicians, the insurance office, and the optical shop. Upon her promotion she was given a mandate by the doctors to "clean house" in an effort to make fundamental changes to enhance productivity.The two doctors at the practice have very different work habits. Each has his own team of technicians who are used to the doctors' preferences and are comfortable with their
routines; they basically do the same thing every day. When Kelly suggested that they train all of the technicians to work with both doctors, this led to significant resistance from all of the parties involved. The technicians were concerned that they would no longer be able to perform their usual daily tasks. Their resistance came from their ________. A. belief that ambiguity would increase B. fear that they would be forced out of their habits C. concern over personal loss D. belief that Kelly's changes would harm the organization
Under the net realizable value method approach, no value is recognized for by-products or scrap until they are actually sold
Indicate whether the statement is true or false
Boyd's car, which originally cost $20,000, has a market value of $12,000 . She has collision insurance on the car with a $250 . deductible. One night she skidded on some ice, slammed into a building, and completely destroyed her car. How much can she collect from the insurance company?
Which of the following is true of frugging?
A. It must be conducted at the end of any study involving deception. B. It occurs when different publicly available information are combined to determine consumers' identities. C. It occurs when research firms do not fully disclose how the methodology works. D. It occurs when anyone who is conveniently available completes a survey. E. It creates a negative impact on the entire industry.