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- 1. A ________ is a small percentage or fixed amount of a health care fee that many employees are required to pay. A. Co-op payment B. Co-percentage C. Co-payment D. None of these 2. A "right-to-revise" policy: A. Is a legal requirement B. Means an employee can quit at any time C. Means a company can terminate an employee at any time D. Preserves a company's right to update its policies 3. When asked to sign a performance evaluation: A. Sign the document, even if you don't agree with its contents B. Sign the document, even if you don't agree with its contents, but include an emotional written response C. Sign the document, even if you don't agree with its contents, but include factual evidence supporting your concerns D. Do not sign the document if you disagree with its contentswhich of the following is appropriate for a licensee to make when talking to a seller concerning fees? A) The commission rate is independently established based on the cost and is negotiable. B) The real estate board has a rule requiring a set commission rate C) I must charge you a set rate because all brockers charge that rate in this area. D) The standard fee for a resale is 6%101) In Agency Theory: a) The stockholder is the agent b) The management is the principal c) Both A and B d) Neither A nor B
- Select the most appropriate statement. Company officers will only be excused from a breach of their fiduciary duty to avoid conflicts of interest:Select one:a. If they make no profit from the breachb. All of the answers are falsec. As long as the company suffers no lossd. As long as the company makes a profit in the long runLetty is 17 years old. She just got her driver's license and is excited to buy her first car. She sees an ad on Craig's List for a 2010 Shelby GT500 for sale that peeks her interest. It is her favorite color, pink, in excellent condition with only 5,000 miles, and a convertible just like she wants. She calls the seller, Dominic, and tells him she wants to buy it. Dominic tells Letty the car is $30,000 and gives her his address so she can pick up the car and bring him the money. The next day Letty brings Dominic a check and drives the car home. Dominic was so excited about selling the car that before Letty arrived he decided to celebrate and drank 6 tequila shots and 3 beers. Dominic is quite a character, he loves to party and drinks almost every day. He's also somewhat of a daredevil and many of his friends describe him as fun but a little crazy. On his Facebook page he brags about how crazy he is. Three months later, Letty turns 18. She and her friends celebrate her birthday by going…8. The custodian of health records refers to the individual within an organization who is responsible for the following action (s): a. Authorized to certify records b. Supervises inspection and copying of. Records c. Testifies to authenticity of records d. a and b e. a and c f . All of the above g. None of the above
- Family Business Jane has just been hired as the head of the Payroll Department at R&S Electronics Service Company, a firm of 75 employees. She was hired by Eddie, the General Manager of the company, who informed her of the need for maintaining strict confidentiality regarding employee salaries and pay scales. He also informed her that he fired the previous Payroll Department head for breaking that confidentiality by discussing employees’ salaries. She was also formally introduced to Brad, the owner, who told her to see him if she has any questions or problems. Both Brad and Eddie made her feel welcome. After three months of employment, Jane begins to wonder why Greg makes so much more in commissions than the other service technicians. She assumes that he must be highly qualified and must work rapidly because she has overheard Brad commending Greg on his performance on several occasions. She has also noticed Brad, Eddie, and Greg having lunch together frequently. One day, Eddie…A CPA’s retention of client records as a means of enforcing payment of an overdueaudit fee is an action that is(1) not addressed by the AICPA Code of Professional Conduct.(2) acceptable if sanctioned by the state laws.(3) prohibited under the AICPA rules of conduct.(4) a violation of generally accepted auditing standards.Which of the following is an example of a ghost employee?A. A fictitious person who the fraudster creates bills for on a contract basisB. A current employee who is compensated at a rate higher than the correct paygradeC. A former employee of a company who attempts to enter into contracts on thecompany’s behalfD. An actual person who does not work for a company but is nevertheless addedto that company’s payroll
- 2. Sahar was not satisfied with the reply she received from Diam after she submitted a claim to contest her high water bill for the month of April. As a result, she wrote back to Diam to explain why she deserves a more satisfactory response. In this scenario, Sahar wrote a: * A. persuasive request for action B. persuasive presentation of ideas C. persuasive claim and request for adjustment D. persuasive sales and marketing message E. persuasive performance reviewWhich of the following is NOT true regarding agency costs and agency problems? Group of answer choices A)The cost of video cameras installed in stores to limit shirking by managers is a direct agency corporation B)A number of features of a modern economy moderate the potential impact of agency costs. C)A store manager purchases a corporate jet without authorization. This is an example of a direct agency cost. D)The potential for agency problems are larger in a corporation than in a sole proprietorship.Jane has just been hired as the head of the Payroll Department at R&S Electronics Service Company, a firm of 75 employees. She was hired by Eddie, the General Manager of the company, who informed her of the need for maintaining strict confidentiality regarding employee salaries and pay scales. He also informed her that he fired the previous Payroll Department head for breaking that confidentiality by discussing employees’ salaries. She was also formally introduced to Brad, the owner, who told her to see him if she has any questions or problems. Both Brad and Eddie made her feel welcome. After three months of employment, Jane begins to wonder why Greg makes so much more in commissions than the other service technicians. She assumes that he must be highly qualified and must work rapidly because she has overheard Brad commending Greg on his performance on several occasions. She has also noticed Brad, Eddie, and Greg having lunch together frequently. One day, Eddie gives Jane the stack…
