Arguments in favor of the retrospective application method include
A) the adjustments to be made when reading the financial statements are easier to determine.
B) a company's current years earnings should not be penalized (decreased) by events beyond the control of company's management.
C) all financial statements presented at a given date are consistent.
D) evaluating financial statements is easier when all principles used are known by the reader.
C
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What is the name usually given to the rules, values and norms through which governance occurs?
a. Code of control b. Code of corporate citizenship c. The Koranic code d. Code of ethics
Mark is looking to buy his first home. His friends suggest that he check the style of the house and the number of rooms. He is, therefore, focusing extensively on the look of the house to evaluate its value, rather than its condition or location. This implies that Mark was engaging himself in the ________ bias.
A. anchoring B. availability C. self-serving D. representativeness E. fundamental attribution
Unlike face-to-face meetings, electronic meetings:
A. are better in establishing group rapport and relationships. B. consume a lot of professional time. C. make it easier to reach consensus. D. make it harder to interpret the strength of other team members' commitment to their proposals.
Which of the following is true of country managers?
a. They identify and link an organization's expertise and resources worldwide. b. They enable a manufacturing organization to provide knowledge and integrated solutions across multiple businesses, divisions, and countries for a large retail customer. c. They enable an organization to achieve multinational flexibility and rapid response. d. They reach out to various parts of the organization to resolve problems and coordinate activities across groups, divisions, or countries.