Describe dominant group characteristics and influence.
What will be an ideal response?
A dominant group is simply any group formed by a majority of employees that hold
a similar characteristic. Typically, in large businesses in the U.S., the dominant group is
Caucasian males. Dominant groups have significant influence, but their members may
not be aware of that influence over culture and organizational decisions.
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When a company declares a cash dividend, which of the following is true?
a. Stockholders' equity is increased. b. Liabilities are increased. c. Assets are increased. d. Assets are decreased.
An auditor most likely would limit substantive tests of sales transactions when control risk is assessed as low for the existence or occurrence assertions concerning sales transactions and the auditor has already gathered evidence supporting:
A. opening and closing inventory balances. B. cash receipts and accounts receivable. C. cutoffs of sales and purchases. D. receiving activities.
Revenue is produced when accounts receivable are collected
Indicate whether the statement is true or false
The degree to which a selection test actually predicts or correlates with job performance is known as
A. arbitration. B. job analysis. C. content validity. D. real-life reliability. E. criterion-related validity.