What are strategic frames?
a. Strategic plans that are developed as part of the change process
b. Flexible frames that center around core values
c. Sets of assumptions about how the world works that may act as blinders
d. Framework to develop change plans and strategic direction
c. Sets of assumptions about how the world works that may act as blinders
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All of the following are factors in the fraud triangle except
a. Ethical behavior of an individual b. Pressure exerted on an individual at home and job related c. Materiality of the assets d. Opportunity to gain access to assets
What is control environment?
What will be an ideal response?
________ involves the disclosure of unethical or illegal activities to someone who is in a position to take action to prevent or punish the wrongdoing.
Fill in the blank(s) with the appropriate word(s).
How does the purchase of equipment by signing a note affect the accounting equation?
A) assets increase; assets decrease B) assets increase; liabilities decrease C) assets increase; liabilities increase D) assets increase; owner's equity increases