The textbook identifies which of the following as a factor driving the professionalization of the socially responsible investing (SRI) industry?
a. A commitment to a market return on investment
b. Strong evidence that SRI funds advance the causes in which investors believe
c. A growing number of investors who are concerned about the natural environment
d. Increased religiosity of investors
Ans: A
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The engagement partner is typically responsible for doing the detailed audit testing.
Answer the following statement true (T) or false (F)
Which of the following is most likely to occur when price is inelastic?
A) A price decrease increases unit margin. B) A price decrease increases gross profit. C) A price increase reduces gross profit. D) A price decrease hurts sales. E) A price decrease reduces unit volume.
Which of the following is an acceptable way to ease the impact of bad news?
A) Using the active voice B) Putting the bad news ahead of the explanation C) Avoiding the passive voice D) Surrounding the bad news by two subordinate clauses E) Avoiding clear phrasing
Harry Kunz applied for a job as a data entry clerk with the Clark Foundation. The job ad stated the minim requirements as being a bachelor's degree
Harry, who only possessed a high school diploma, lied on his resume by stating that he had received a Bachelor's Degree from the University of British Columbia. Harry got the job and performed extremely well. Two years after he was hired, his supervisor discovered that Harry had lied about his qualifications and he was immediately fired. Harry wishes to take legal action against his employer for wrongful termination. Which of the following is TRUE? A) Harry will likely be successful in recovering damages for wrongful termination of his employment as he was an excellent employee irrespective of his true educational qualifications. B) Harry did not make a material misrepresentation as his job performance illustrated clearly that a Bachelor's degree was not a true prerequisite of the post. C) Harry's employer can no longer rely on his having lied about his qualifications as grounds for his dismissal as too much time has passed. D) The employer was justified in terminating Harry's employment as Harry had made a material misrepresentation. E) Harry's dismissal was justified as he lied and any lie told by an employee to his employer is always grounds for immediate termination.