For a new partner to be admitted to a partnership, there must be a consensus of the existing partners
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements included in management's assessment of the effectiveness of internal control over financial reporting would not cause the auditor to disclaim an opinion?
A. The entity plans to implement new controls. B. Management believes the cost of correcting a material weakness would exceed the benefits derived from implementing the new controls. C. Disclosure of material weaknesses corrected during the period. D. Management includes disclosures about corrective actions taken by the entity after the date of management's assessment.
Which of the following is a challenge associated with ethical pay offs?
A. It can easily be duplicated by competitors. B. It is very small in comparison to profits. C. It ruins the reputation that triggered it. D. It is very difficult to measure ethical pay offs.
The bond indenture is a contract between the bond-issuing corporation and the bond investors
Indicate whether the statement is true or false
Which style of leadership involves putting other people's needs, aspirations, and interests above one's own?
A. Servant leadership B. Top-down hierarchical leadership C. Entrepreneurial leadership D. Authoritarian leadership