What are the three sets of factors that influence the standards of behavior in an organization?
A. Organizational norms, circumstances, morals
B. Peer pressure, attitudes, social factors
C. Historical factors, management attitudes, opportunity
D. Opportunity, individual factors, social factors
E. Financial factors, opportunity, morals
Answer: D
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Identify a true statement about a limited liability partnership (LLP)
A. A general partner of a limited liability partnership is responsible for the negligence and irresponsibility of limited partners. B. ?A limited partner of a limited liability partnership is responsible for the general management of the partnership business. C. A general partner of a limited liability partnership is liable to pay tax on all the partnership income. D. A general partner of a limited liability partnership is personally liable for all business debts. E. A limited partner responsible for the negligence and irresponsibility of general partners.
Which of the following is a disadvantage of decentralization?
A) It results in increased customer response time. B) It allows only the top management to make decisions. C) It does not motivate employees because the decision-making powers are not delegated. D) It results in problems with achieving goal congruence.
The contact rule does not require that the accountant to actually meet or communicate with the third party to establish a relationship equivalent to privity
Indicate whether the statement is true or false
Arbitrary and Capricious Test. In October 1985, four nonprofit organizations sued the Army Corps of Engineers, claiming that the corps had violated the National Environmental Poli-cy Act of 1969. The organizations asserted that the corps had failed to
prepare a supplemental environmental impact statement (EIS) based on information contained in two studies—an Ore-gon Department of Fish and Wildlife memorandum and a U.S. Soil Conservation Service sur-vey—suggesting that construction of the third dam would increase the temperature and turgidity of the Rogue River. The corps contended that the EIS was unnecessary, because on the basis of its own analysis, as well as that of independent research commissioned by the corps, the two studies were not indisputable and in any event were of exaggerated importance in assessing the project. Should the court order that the project be stopped? Discuss.