Disadvantages of outsourcing project work may likely include all of the following EXCEPT
A. More internal morale issues.
B. Loss of control.
C. Increased costs.
D. Coordination breakdowns.
E. Increased conflict.
Answer: C
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The risk of a material misstatement includes inherent risk and sampling risk.
Answer the following statement true (T) or false (F)
Explain why CSR makes good business sense.
What will be an ideal response?
A(n) _______ contract is illegal from the beginning and may not be enforced by either party; a(n) _______ contract is legal but permits one party to escape, if he or she so wishes
a. disaffirmed; affirmed b. void; voidable c. affirmed; disaffirmed d. voidable; void
Daddy buys an electric car for his 10-year-old son. Daddy follows the directions for assembly carefully, but the son gets an injuring shock when he sits in the car. If Daddy and son sue the manufacturer for negligence, they will:
a. be successful only if they can prove that the car manufacturer knew of the defect and failed to correct it. b. be successful only if they can prove that the car manufacturer failed to use reasonable care in designing, manufacturing, or warning the purchasers about intended uses and foreseeable misuses. c. lose, because the son has no privity of contract and therefore no standing to sue. d. not be successful if the car was sold "AS IS."