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Indicate whether the statement is true or false


TRUE

Business

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An auditor is required to establish an understanding with a client regarding the responsibilities for each engagement. This understanding generally includes:

A. management's responsibility for providing the auditor with an assessment of the risk of material misstatement due to fraud. B. the auditor's responsibility to plan and perform the audit to provide reasonable, but not absolute, assurance of detecting material errors or fraud. C. the auditor's responsibility for the fairness of the financial statements. D. management's responsibility to guarantee that there are no material misstatements due to fraud.

Business

Answer the following statements true (T) or false (F)

1. The opposite of neuroticism is emotional stability. 2. If an individual’s personal characteristics are described as state-like then they are generally unchangeable. 3. High self-monitoring always produces positive outcomes 4. High core self-evaluations lead to a series of positive personal and organizational outcomes. 5. PO fit is often considered in the context of recruiting employees who will “fit in” with the organizational culture.

Business

Which of the following is NOT a criterion for effective teams?

a. Goals and values are clear b. Climate of trust and support c. No conflict about task issues d. Effective problem solving

Business

Which of the following phases of new-product development is likely the least costly for the firm?

A. Commercialization B. Concept testing C. Business analysis D. Product development E. Test marketing

Business