Which of the following is the first step toward reducing the probability of a trust-destroying conflict in a relationship?
A. Ignore complaints from the buying center
B. Define who has the authority to do what within the selling and buying organizations
C. Dissolve the relationship
D. Document any changes made to the contract
E. Give a clear product description
Answer: E
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Internal control systems are recommended but not required to prevent fraud
Indicate whether the statement is true or false
A culture's accounting controls directly relate to its assumptions about people's _________.
Fill in the blank(s) with the appropriate word(s).
Which of the following is true regarding whether the "common enterprise" element of the SEC v. W.J. Howey Co case requires horizontal or vertical commonality?
a. The federal circuits are in agreement that there must be horizontal commonality even if vertical commonality can be shown. b. The federal circuits are in agreement that there must be vertical commonality even if horizontal commonality can be shown. c. There is a split in the federal circuits as to whether the common enterprise element of the test can be met by showing horizontal commonality or whether there must be vertical commonality. d. There is a split in the federal circuits as to whether the common enterprise element of the test can be met by showing vertical commonality or whether there must be horizontal commonality.
Repurchase of stock ________ the earnings per share and ________ the market price of stock
A) increases; increases B) decreases; decreases C) increases; decreases D) decreases; increases