As communications improve and people around the world are able to witness the horrors of natural disasters, terrorism, and war, international relief efforts by corporations are becoming:
A. A liability because of negative media.
B. Less important.
C. Obsolete because of social media.
D. More important.
Answer: D
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If the report is urgently needed, it is sometimes necessary to sacrifice accuracy in the interest of
A) timeliness B) personal feelings. C) profits. D) expectations.
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
Answer the following statements true (T) or false (F)
Intraperiod and intrastatement allocation both refer to showing income statement items such as extraordinary items and changes in accounting principle net of the tax effect.
During the question-and-answer period at the end of your presentation,
a. encourage the audience to ask questions. b. ask hostile questioners to leave the audience. c. allow the questions to continue until there are no more asked. d. avoid restating the question and instead focus on the answer.