In what type of organization is decision-making authority spread throughout the organization?
A. Participative organization
B. Centralized organization
C. Top-down organization
D. Decentralized organization
Answer: D
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The use of the relative frequency method to develop discrete probability distributions leads to what is called a a. binomial discrete distribution
b. empirical discrete distribution. c. non-uniform discrete distribution. d. uniform discrete distribution.
In the two-factor ANOVA where a is the number of factor A levels, b is the number of factor B levels, r is the number of replicates, and n is the total number of observations, the number of degrees of freedom for error is:
a. (a - 1)(b - 1) b. abr - 1 c. r(a - 1)(b - 1) d. n - ab
_____ means that customer orders start the work process, which ripples down through the supply chain
a. Make-to-stock b. Push c. MRP d. DRP e. Pull
You are auditing Green Corporation for the calendar year 20X2. Among other items related to the audit, Green is being sued for personal injury resulting from the malfunction of one of its products. Sue Ewe filed the lawsuit 8 years earlier in September 20W4. The officers of the company and its outside legal counsel estimate that the loss from the suit will be approximately $250,000. This amount has been accrued and properly disclosed in the footnotes of the financial statements. You have no reason to believe that the estimate is wrong. You completed your audit and dated your report March 2, 20X3. The financial statements were issued on March 14, 20X3. The trial was in progress at that date. On March 20, 20X3, you read in a national business periodical that the jury in the trial awarded
Sue Ewe $1.5 million. Required: Discuss the nature of these events and what responsibility the auditor has, if any, regarding the news of March 20.