As a top manager, Joanna works with others on her team every day in making important corporate decisions. Her preferred decision-making approach is to generate as many alternatives to problems as possible in a short amount of time. This approach is referred to as _____.
A. groupthink
B. devil’s advocacy
C. point–counterpoint
D. escalating commitment
E. brainstorming
Answer: E
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Hawthorne Corp. entrusted Edgar, an independent accountant, to prepare an audit report to apply for a loan from Daft Corp. Edgar accepted the accuracy of the client's books without proper investigation while representing that he had completed Hawthorne's audit. A careful audit, however, discovers later that an employee of Hawthorne Inc. was regularly embezzling funds. In this scenario, Edgar:
A. will not be liable to Hawthorne Corp. to return the fee for the audit because the loan was not provided by Daft Corp. B. will be liable to Daft Corp. as well as any other creditor who provided loans to Hawthorne Corp. based on his audited financial statements. C. will be liable to Hawthorne Corp. for any losses it suffered from the time when his audit should have discovered the embezzlement. D. will not be liable to any of the parties as he does not owe them the duty of superior skill or careful scrutiny.
Many of the fastest-growing unions in the United States represent ________ (more than 51 percent of all union members).
A. white-collar professionals B. immigrants C. blue-collar workers D. women
Bruce Lee owns stocks, bonds, real estate, gold coins, T-Bills, and gemstones. He has a(n)
A) equity portfolio. B) default-proof portfolio. C) inflation-proof portfolio. D) diverse portfolio. E) risk adverse portfolio.
Under UCC Article 2, when there is a failure to respond to a writing signed by the other party:
a. the contract will not be binding b. there cannot be a good contract c. there cannot be a good contract, but under the common law there could be d. the court may require the other party to respond in writing to make the contract legal e. none of the other choices are correct