Explain the difference between defamation and disparagement.
What will be an ideal response?
Defamation is a claim by an individual wherein there is injury to a person's reputation causing that person considerable anguish and harm. Because it is the individual's reputation that is being protected, the defamatory statement must be "of and concerning" the plaintiff to be actionable. Courts recognize a limited right of corporations and other business entities to protect their reputations. They can bring claims for defamatory statements that harm them in conducting their business or that deter others from dealing with them. False statements about the personal behavior of persons in business are covered by the tort of defamation. False statements about the quality of a seller's product or services, or the seller's ownership of goods offered for sale, may give rise to the tort of disparagement. Proof of actual damage (e.g., lost sales or other opportunities) is necessary for a successful disparagement action.
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The efficiency variance measures ________.
A) the difference between the quantity used by the company and the quantity used by its competitors B) the change in quantities used over time C) how well the business uses its materials or human resources D) how quickly direct materials are processed into finished goods
Which of the following is the best definition of subpoena?
a. an order to either cease or to continue an action b. an order permitting a warrantless search of a premises c. an order accompanying a warrant, permitting a search of a premises d. an order requiring a witness to produce certain documents and/or to appear to testify
A lawsuit brought on behalf of a corporation, but initiated by a shareholder because the board of
directors and officers fail to bring it, is a class action suit. Indicate whether the statement is true or false
List the principles of internal control.
What will be an ideal response?