Which of the following is untrue regarding the relationship of an accountant and the client?
a. It is based upon mutual agreement.
b. The accountant is under an ethical obligation not to disclose confidential information.
c. The accountant must act in a competent and professional manner.
d. The accountant is under a contractual obligation to follow all of the client's instructions and to use the client's figures without question.
d
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A ________ is a conservative estimate of the expected volume of sales for a business, primarily for making purchasing, production, and cash flow decisions
A) sales budget B) company sales forecast C) sales quota D) company sales potential E) market potential
A required characteristic of the institutional collectivism cultural dimension is ______.
A. future-oriented behaviors B. group cohesion and loyalty C. consensus and collaborative efforts D. shared power and equal influence
How does the strategy for achieving organizational outcomes paradigm differ from the others?
a. It focuses on diversity management as a means, not as an end b. It involves more senior levels of management to implement c. Unlike the others, it has not yet been validated by empirical research d. The business operations department's are responsible for implementation not the HR department
Lamar Carler writes a cheque for $10,000 to Leonard Wilkens for renovation work. Lamar endorses the reverse side of the cheque "not negotiable." Leonard endorses the cheque to the bank as payment for his loan
The renovation work is defective and costs $5,000 to repair.The bank had no notice of the defective work. Lamar refuses to pay the bank on the cheque. Which of the following is TRUE? A) The bank was a holder in due course and can seek payment in full from Lamar. B) The bank was not entitled to cash the cheque because there was a restriction on its negotiability C) The bank was a holder in due course without notice D) Lamar and Leonard are jointly liable as both signed on the cheque E) Lamar cannot set off the costs of repair against the bank