Malcolm, the CEO of a multinational company, was forced to step down from his position after a decision was taken by the company's board of directors. The board was strongly opposed to some of his actions. He took major decisions without keeping the stockholders' interest in mind and without consulting the board, leading the company into legal trouble. In this scenario,Malcolm exhibits the characteristics of a(n) _____.
A. free-rein leader
B. laissez-faire leader
C. autocratic leader
D. bureaucratic leader
Answer: C
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The auditor can respond to an increased risk of fraud by doing all of the following except:
A. taking steps to obtain more reliable evidence. B. assigning more experienced personnel to the audit. C. increasing detection risk. D. evaluating whether the accounting policies selected may be indicative of fraudulent financial reporting through earnings management.
The ________ is confusing and difficult to apply. It is the least used of the itemized scales
A) continuous rating scale B) Stapel scale C) semantic differential scale D) Likert scale
When using a niche marketing strategy, a firm goes after a large share of one or a few smaller segments
Indicate whether the statement is true or false
Which of the following refers to the course that a product's sales and profits take over its lifetime?
A) total product process B) service life C) product mix D) product life cycle E) marketing mix