The range identifies the maximum and the minimum, and you can do a quick mental calculation to see how many units are in between
Indicate whether the statement is true or false
TRUE
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Answer the following statements true (T) or false (F)
1. Paul, who is normally an ethical person, has an opportunity to acquire what he feels is "easy" money in his job, and he believes it is safe to steal the money because nobody would know if he does take it. Paul rationalizes that it is fine to steal the money because he needs it more than the person whom the money belongs to. The psychological mechanism that causes Paul to want to steal the money is poor self-esteem. 2. Habitual cheating tends to begin with small infractions, such as illegally downloading books and songs, and then grows by increments into an ongoing deliberate strategy of deception or fraud. 3. Prior to a 2010 natural-gas pipeline explosion in San Bruno, California, Pacific Gas & Electric chose to use its surplus revenues to improve safety, an example of ethical decision making. 4. The employees of a production facility that produce parts for boats are meeting to discuss ways to control rising costs, which are affecting their bonus (incentive pay). The employees are internal stakeholders of the factory. 5. The task environment of Top-Notch Sewing consists of just two groups, customers and stockholders, who give the employees and management of Top-Notch the daily tasks that the company's employees will handle.
The belief that one can influence events even when one has no power over what will happen is known as
A. cognitive conflict. B. discounting the future. C. affective conflict. D. illusion of control. E. framing effects.
A periodic inventory system requires updating of the inventory account only at the beginning of an accounting period.
Answer the following statement true (T) or false (F)
An auditor would consider a cashier's job description to contain compatible duties if the cashier receives remittances from the mailroom and also
A. Records the journal entry to recognize the cash receipt. B. Prepares the monthly bank reconciliation. C. Prepares the daily deposit slip. D. Approves customer discounts.