Which of the following rules provides that an accountant is liable only for negligence to third parties who are members of a limited class of intended users of the client's financial statements?
A) Section 552 of the Restatement (Second) of Torts
B) the foreseeability standard
C) the Ultramares doctrine
D) due diligence defense
A
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Which of the following is an example of passive fraud?
A) A homeowner tells a home buyer that the basement of the home never floods, when in fact the homeowner knows it has several significant leaks. B) An attorney fails to tell his or her client of an offer to settle a case. C) A thrift store sales clerk mistakenly tells a customer that a table is oak instead of pine. D)A car salesman tells a customer that he believes the latest model of certain pickup truck is more reliable than previous models.
Measuring the effects of advertising helps a firm maximize its investment.
Answer the following statement true (T) or false (F)
All of the following leaders were considered charismatic except:
A. Adolf Hitler B. Winston Churchill C. President John F. Kennedy D. President George W. Bush
Tianhui was recently hired as a sales representative by Oxtron, Inc. Before leaving on his first sales trip, a number of the other sales representatives take Tianhui aside and tell him that it is customary for the sales representatives to "pad" (increase) their expense reports each month by 20%. Use utilitarian ethics to decide what Tianhui should do about the expense report he submits to Oxtron.
What will be an ideal response?