An accounting firm was sued for negligently preparing a financial report for a company. It causes losses to occur and the firm was found to have been negligent in its work. This meant that the firm would likely be:
a. not liable for damages since the problem was negligence, not intentional mistakes
b. responsible for losses not to exceed $1 million, the statutory limit on accountant liability in that state c. not responsible for damages despite negligence, since reliance could not be shown
d. not responsible for damages despite negligence because of a lack of proximate cause e. none of the other choices
e
You might also like to view...
The adequacy of consideration, while not important to the existence of consideration, may be relevant to the availability of certain defenses or remedies
Indicate whether the statement is true or false
As a result of time and experience we tend to see that applications that start as one-time ‘experiments’ often morph into more long-term and carefully thought-out elements that the organization integrates with all the other communication pieces it uses to reach customers. Which of the following is this an example of?
a. Social media marketing transition. b. Social media marketing maturity. c. Social media marketing independence. d. Social media marketing integration. e. None of these.
A job applicant is interviewed multiple times by different interviewers. In each case, the interviewers drew similar conclusions about the applicant. This interview process has high
A. complexity. B. redundancy. C. reliability. D. validity. E. flexibility.
For businesses, collaboration skills are very important to develop
Indicate whether the statement is true or false