A principal is not liable for the torts of his or her agent if the

A. tort is committed by the agent acting in the scope of his or her employment by the
principal.
B. agent’s action is unrelated to the agency relationship.
C. principal is negligent or reckless in supervising the agent.
D. agent is acting under the principal’s direction when committing the tort.


B. agent’s action is unrelated to the agency relationship.

Business

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When groups are brainstorming,

a. the more ideas, the better. b. only ideas that will work should be recorded. c. team members should record their own ideas independently. d. teams should discuss an idea before adding it to the list of possible solutions.

Business

During an engagement to review the financial statements of a nonpublic entity, an accountant becomes aware of a material departure from GAAP. If the accountant decides to modify the standard review report because management will not revise the financial statements, the accountant should:

A. disclose the departure from GAAP in a separate paragraph of the report. B. issue an adverse or an "except for" qualified opinion, depending on materiality. C. express negative assurance on the accounting principles that do not conform with GAAP. D. express positive assurance on the accounting principles that conform with GAAP.

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A business manager who is a deontologist would consider the consequences for whom before making an action?

a. every stakeholder b. every shareholder c. her own moral character d. the majority of stakeholders

Business

Foreign businesses in India appear to receive unusually close scrutiny and special regulations, aimed at protecting the local businesses. This is an example of a(n) ________

A) nontariff trade barrier B) tariff C) boycott D) exchange control E) quota

Business