Noncompliance with laws and regulations includes only acts of omission by the entity that are considered to be unintentional and contrary to the prevailing laws or regulations
a. True
b. False
Indicate whether the statement is true or false
False
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For the year ended December 31, Year 1, Carsem Company had cash collections from customers of $220,000, cash paid to employees of $32,000, cash paid to suppliers of $100,000, cash used to retire long-term bonds of $32,000, and cash payments for dividends of $20,000. Based on this information, what is the net cash provided from operating activities?
A. $188,000 B. $68,000 C. $120,000 D. $88,000
Thoroughly understanding that the system is dynamic should have which of the following impacts on organizations?
a. Leaders should understand that they can only focus on so much and choose one aspect of the external environment to focus on well b. Since external factors are changing, internal systems need to change also c. The patterns of thinking that have developed over time are reliable as new conditions arise d. No matter what changes in the environment, the same people in an organization will always have the most influence
Slack is the amount of time an activity can be delayed without delaying the project
Indicate whether this statement is true or false.
Bob is a massage therapist working for a company with three employees. After a year, he asks to take a vacation only to find out that vacations are not offered by the company. Bob argues that he is due 2 weeks of vacation based on customary vacations received elsewhere. Discuss the legal, practical, and ethical issues.
What will be an ideal response?