Which of the following expressions is least likely to be included in a management representation letter?
A. No events have occurred subsequent to the balance sheet date that require adjustment to or disclosure in, the financial statements.
B. The company has complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of noncompliance.
C. Management acknowledges responsibility for illegal actions committed by its employees.
D. Management has made available all financial statements and related data.
C. Management acknowledges responsibility for illegal actions committed by its employees.
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Which of the following is a result of corporate scandals?
A. People have become more tolerant of perceived unethical behavior. B. People have become more aware of perceived unethical behavior. C. People have become less ethical in their approach to decision-making. D. People have become less aware of perceived unethical behavior.
Sears opened up department stores in Mexico and Spain, where it found qualified local manufacturers to produce many of the products it sells. This type of joint venture is known as ________
A) joint ownership B) licensing C) management contracting D) indirect exporting E) contract manufacturing
What are some perverse effects of merit pay?
What will be an ideal response?
A waiting line model meeting the assumptions of M/M/1 has an arrival rate of 2 per hour and a service rate of 6 per hour. What is the utilization factor for the system?
A) 0.25 B) 0.33 C) 0.50 D) 0.67 E) 3.00