What theory holds that the root cause for conflict is lack of contact between groups, or contact under unfavorable conditions, and also holds that contact under optimal conditions (e.g., equal status between groups; common goals; intergroup coalition; and support of authorities, law, and custom) could reduce prejudice and intergroup conflict.
a. equity theory
*b. intergroup contact theory
c. social identity theory
d. relative deprivation theory
*b. intergroup contact theory
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A(n) ______________________________ system would eliminate documents and forms as the medium for conducting business
Fill in the blank(s) with correct word
When duties cannot be segregated, the most important internal control procedure is
a. supervision b. independent verification c. access controls d. accounting records
Daniel Santiago has just taken a job as a sales rep with a family-owned company that uses its ethics as part of its marketing campaign with the slogan, "Without integrity, service means nothing"
After calling on several clients, however, he discovers that the sales rep who previously had his territory was giving kickbacks to customers in exchange for exclusive contracts with the company. Daniel is fairly certain that his sales manager is not aware of this arrangement. What should Daniel most likely do? A) Daniel should say nothing and continue the kickback plan his predecessor started because it seems to be the norm in this industry. B) Daniel should avoid causing waves with his sales manager and go along with the kickbacks for now, but tell his clients that he will not be able to continue them in the future. C) Daniel should meet with his sales manager immediately to discuss the situation and ask for guidance in how to tell the clients that he cannot continue the kickbacks. D) Daniel should tell the clients that he cannot continue the kickbacks and say nothing to the sales manager if he loses clients that his predecessor worked to develop. E) Daniel should leave the company and look for a position in a firm that does not have a mechanism for giving kickbacks.
The current operating school of thought holds that:
a. All components of comprehensive income should be in the income statement. b. The income statement should contain only normal operating components of comprehensive income. c. Retained earnings should reflect only total earnings as reported in the income statement and dividend distributions, in addition to beginning and ending balances. d. Unusual or infrequently occurring gains and losses should be reported on the income statement.