The accounting firm of Gray & Co did accounting work for both Regional Bank and Carter Electronics. Without Carter's knowledge or approval, Gray & Co discussed Carter's financial problems with Regional Bank. In this situation, Gray & Co
a. breached a legal obligation to keep all client information confidential.
b. breached a moral, but not a legal, obligation of confidentiality.
c. did not breach any obligations to its clients.
d. acted properly because it was protecting its client, Regional Bank, from possibly making an unwise loan to Carter Electronics.
a
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Which one of the following work measurement techniques is likely to produce the least accurate results?
A. Production records B. Work sampling C. Time study D. Micromotion
Joanne had a paycheck for $94 made out to her. She indorsed it with her name and gave it to Larry who, in return, agreed to paint her living and dining rooms the next Saturday. In this case:
a. the check is not negotiable. b. Larry is not a holder. c. Larry is not a holder in due course. d. Larry has given value for the check.
Precise Device Corporation and Quality Instruments, Inc., decide to merge. This corporate combination does not require the approval of
A. Precise and Quality's directors. B. Precise and Quality's officers. C. Precise's shareholders. D. Quality's shareholders.
Any shareholder can demand access to the corporate books and records
Indicate whether the statement is true or false