Which of the following is most likely to be a reason behind a supervisor's reluctance to delegate responsibility?
A. The supervisor is convinced that he or she will do a better job than the employees.
B. The supervisor will not be able to give directions efficiently.
C. There will be an increase in incidence of social loafing.
D. The supervisor will not be able to hold the employees responsible for their work.
Answer: A
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Which of the following is not a reason why the auditor needs to take special care to review significant estimates in the financial statements?
a. Organizations may try to use the estimates to "smooth" earnings. b. Organizations may create hidden reserves in unusually good years that can be used in years when real profits do not meet expectations. c. Companies may underestimate liabilities or impairment of asset values to achieve reported earning goals in years when real profits to not meet expectations. d. Companies may try to overestimate liabilities in computing leverage ratios.
Which of the following securities typically pay interest?
A) equity securities B) preferred stocks C) corporate bonds D) significant interest investment
Which of the following statements regarding the operating cycle of a merchandising company is not true?
A. The operating cycle begins with the purchase of merchandise. B. The operating cycle is shortened by credit sales. C. The operating cycle can vary in length among different merchandising companies. D. The operating cycle sometimes involves accounts receivable. E. The operating cycle ends with the collection of cash from the sale of merchandise.
A local craft brewer offers many varieties of beer. You can find robust stout beer, pale ales, and beer flavored with everything from coffee to citrus fruit. This is an example of the brewer's
A. width of assortment. B. depth of assortment. C. breadth of assortment. D. length of assortment. E. variety of assortment.