Which of the following statements made by a real estate agent to a prospective buyer of a house offered for sale is an example of legal "puffing" rather than fraud?
a. "This is a solid little house, built in 1995.". (The house was built in 1985.)
b. "Believe me, friend. This is your dream home! It's perfect for your family, and the price is right for you!" (The buyer can't afford the house.)
c. "The shake roof is wooden but it's fireproof.". (The roof was treated with a fire retardant, warranted for three years, but installed ten years ago.)
d. "Look outside. There's practically no traffic on this street. It is quiet and safe for your kids.". (The street becomes a veritable thoroughfare from 7 to 9 AM and 4 to 6 PM every work day.)
b
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When Mattel first introduced Barbie in Japan, managers assumed that Japanese girls would find the doll's design just as appealing as American girls did. This may be due to:
A) Barbie's physical features such as long legs and blonde hair. B) Barbie being a symbol of American lifestyle. C) the SRC tendency on the part of American managers. D) the SRC tendency on the part of Japanese consumers. E) the limited competition for dolls in Japan.
The partner performing an engagement quality review will review the working papers and financial statements but will not perform which of the following?
a. Assess completeness of the audit work and sufficiency of the evidence. b. Determine the adequacy of financial statement disclosures. c. Raise questions about the reasonableness of various financial statement presentations. d. Perform a substantial portion of the audit procedures as an additional check.
Which of the following activities would be the least practical for a fraud examiner?
a. gaining an understanding of the tools and methods perpetrators use in e-business fraud b. gaining a working knowledge of computer networking systems c. learning the strengths and weaknesses of Windows d. getting to know each company employee's interactions with the systems
Choose the correct word or words in parentheses. Professor Ebert, (who, whom), I think, is an authority on robotics, was the lecturer