In the United States, the judicial system is an example of ________. It is based on hearing directly opposing points of view to establish guilt or innocence.
A. alternative dispute resolution
B. the dialectic method
C. integration
D. dysfunctional conflict
E. devil's advocacy
Answer: B
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In an electronic data interchange environment, the audit trail
a. is a printout of all incoming and outgoing transactions b. is an electronic log of all transactions received, translated, and processed by the system c. is a computer resource authority table d. consists of pointers and indexes within the database
Which of the following is not true regarding firms use of net assets (assets minus liabilities)?
a. Firms may choose to use the net assets generated by earnings to repurchase common shares. b. Firms may choose to use the net assets generated by earnings to repurchase common shares which result in cash outflows for a firm, similar to paying a cash dividend. c. In the case of share repurchases, only those shareholders that choose to sell their shares to the firm receive cash. d. Some firms pay periodic dividends to the common shareholders out of net assets. e. Firms typically retain some or all of the net assets generated by earnings, causing net assets to decrease, along with retained earnings, which is the component of shareholders' equity showing the cause of that decrease in net assets.
Most successful organizations minimize the need for explicit rules, regulations, and other boundaries by
A. designing effective reward systems. B. encouraging employees to see themselves as free agents. C. discouraging the formation of subcultures that isolate work groups. D. posting written statements of the organization's goals and objectives.
Which of the following statements is false?
a. TQM and JIT are both based on ideal standards. b. In automated companies, a standard cost system may use only 2 elements of productive costs: Direct material and conversion. c. An automated company may use the theoretical capacity rather than practical capacity to compute predetermined fixed overhead rate. d. TQM and JIT are both based on practical standards.