What kind of power is given to a leader by her/his followers?
A. position power
B. personal power
C. legitimate power
D. reward power
B. personal power
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Which of the following frauds involved primarily asset misappropriation?
a. Enron. b. Worldcom. c. Dell. d. Koss.
Conceptual guidance in U.S. GAAP refers to the selling entity having earned the revenues (that is, having completed the earnings process). IFRS refers to
a. transferring the risks and rewards of ownership to customers (in the case of revenues involving goods). b. having rendered services (in the case of revenues involving services). c. measuring the costs of any obligations that the seller has not performed at the time it recognizes revenue with reasonable reliability. d. all of the above. e. none of the above.
An exculpatory clause releasing a white water adventure rafting company from liability for all
injuries it causes is: A) Usually against public policy. B) Usually valid. C) An illusory promise. D) Usually valid for negligence, not for intentional acts.
Eloise is a director for Frozen Yogurt Company. Eloise is also a director for Gelato Desserts, Inc When the board of Frozen Yogurt considers entering into a contract with Gelato Desserts, Eloise must
a. resign from one of the boards. b. resign from both boards. c. make a full disclosure of any conflict of interest. d. use her best business judgment in voting on the proposed deal.