Competition can be depended on to keep insurance rates from being excessive, and good management will keep them from being inadequate; regulation of insurance rates is an infringement on the right of management to make business decisions.” Do you agree or disagree with this statement? Why?

Q: Which of the following arguments supports the view that regulation is not necessary, particularly to…

A: Which of the following arguments supports the view that regulation is not necessary, particularly to…

Q: Is business ethics an oxymoron?

A: Ethics:   Business ethics refers to a set of moral codes and guidelines that governs corporate…

Q: hich of the following is not one of the criteria for revenue recognition? (Assume the company…

A: As Per ASPE Revenue Recognition,  Revenue is the gross inflow of cash receivable or other…

Q: (Political Motivations for Policies) Ever since the unethical actions of some employees of Enron…

A: Accounting policies refers to the rules and regulations which is implemented on the management of…

Q: Some argue that having various organizations establish accounting principles is wasteful and…

A:

Q: Profit maximisation will lead to; a. Inequalities among the shareholders b. Corrupt practices…

A: TWo types of maximization are profit maximization and wealth maximization

Q: Enron's directors realized that Enron's conflict of interests policy would be violated by Fastow's…

A: The entities or vehicles which have been designed or developed especially for certain specific…

Q: Under what type of financial risks you would put these risk factors? Economic Distress…

A: A risk is something that can cause a possible loss or damage to an individual or a corporation and…

Q: Which one is false? A. The agency is defined as a relationship by consent between two parties,…

A: Managers are the people appointed by the firm for managing its day-to-day business operations.…

Q: Which of the following losses can be considered as operational risk losses? a) A counterparty going…

A: Operational risk is defined by the Bank for International Settlements (BIS) as the risk of loss…

Q: 1.Which of the following situations could be evidence that the investor lacks the capacity to…

A: Answer: To exercise significance control over the other company the investor is required to hold…

Q: Different businesses respond in different ways, ranging from reactive stances through to more…

A: The reactive stance manages the issues once they emerge or being encountered, without appropriate…

Q: how does being unethical in the financial industry affect communication with clients?

A: In the financial services industry an agent or the concerned company (which is the financial…

Q: Sometimes the government will step in when they feel the need to encourage competition in a…

A: The government will step in when they feel the need to encourage competition in a particular…

Q: Some argue that having various organizations establish accounting principles is wasteful and…

A: Given statement is: Some argue that having various organizations establish accounting principles is…

Q: Change is always good for some participants and bad for others. Which types of financial…

A: Investment banks, underwriters, brokerage companies, and deposit-taking institutions such as trusts,…

Q: Sometimes the management of a target firms fights a take over attempt even when that attempt appears…

A: A target firm is a firm that the acquiring company acquires either in the process of merger or…

Q: conflicts that can arise when a company is owned by group of shareholders but managed by a different…

A: The shareholders are owners of the business. As per agency theory, the management act as agents on…

Q: (a) Who are the stakeholders in this situation? (b) Are the president's motives and actions ethical?…

A: Ethics:   Ethics in business is a much debated yet less followed topic. Every business has to…

Q: Which of the following circumstances that may not create familiarity threats ? a) Long association…

A: Auditor's independence is the most crucial aspect of auditing process and may be affected by…

Q: If a company is operating with ethical marketing behavior it: changes customer feedback to be…

A: Marketing is the most important function of business. But doing it ethically is even more important…

Q: nternal control does not consist of policies and procedures that Select one: a. Ensure that business…

A: Internal controls are the procedure that are implemented by an entity to ensure that the financial…

Q: Which of the following circumstances may create intimidation threats? a) Threat of dismissal or…

A: Please see the next step for the solution

Q: One effect of the recent globalisation of business is that it is now easier for owners and managers…

A: In business, globalization refers to the companies operating internationally or on a global scale.…

Q: The objectives of financial Statements include _________     A. None of the choices are correct…

A: FINANCIAL STATEMENT ARE REPORTS THAT PROVIDE DETAILS OF FIRMS FINANCIAL INFORMATION SUCH AS ASSET…

Q: Which of the following is incorrect:  Options:   a)  The Market for Corporate Control is an…

A: Correct:  a) The market of corporate control is one of the key factors for the shareholders and…

Q: How would your error affect breakeven sales and operating income under the proposed sales commission…

A: Affect of error on break-even sales and operating income:

Q: Regulators may impose political costs on firms. However, there are ways that some firms practice to…

A: During the past few years, it has been observed that the size of the company and the level of…

Q: Which of the following does not help align managerial and shareholder incentives? Question options:…

A: Antitrust law: This law is created for the purpose of saving the customers in case of a monopoly.…

Q: vorable; in fact, it sounds like the person giving the opinion does not have the proper credentials.…

A: An unqualified opinion is the Auditor's view that the financial statements are presented in…

Q: Which statement about a manager's use of client brokerage commissions violates the Code of Standards…

A: Correct answer is option (b) Client's brokerage commission may be directed to pay for the investment…

Q: ship, so accounting standards based on ‘decision-usefulness for investors’ are misconceived. And…

A: It will cause many additional problems that the really need is the Companies Act requirement in…

Q: Your business may be at risk if: Select one: a. All of these b. An important contract does not…

A: Risk is a condition or circumstance where it can hamper the business of the company or may give an…

Q: How does subjective accounting policies at General Electric assist in hiding poor decision-making…

A: The question as appearing to me looks incomplete. But I'll do my best to get to your point.…

Q: Explain what is meant by adverse economic consequences of new or changed accounting standards.

A:

Q: The SEC is trying to get companies to notify the investment community more quickly when a "material…

A: “Material changes” are the one that impacts the share price of the company directly in a drastic…

Q: Do some research (use sources other than your prescribed textbook) and explain why it is important…

A: Business ethics play a very important role in financial management. It is very essential for…

Q: Management is a user of financial analysis. Which of the following comments does not represent a…

A: Financial statements are prepared to show the financial status of a company for its users. The…

Q: If a particular accounting choice is considered aggressive in nature, then the fi nancialperformance…

A: When a particular accounting choice is considered to be aggressive in nature then it affects the…

Q: Some argue against corporate involvement in socially responsible behavior because the costs incurred…

A:

Q: Agency costs are best defined as: The cost of conflict between the banks and shareholders O The cost…

A: Agency costs are the internal costs which arise due to the conflict of interest between firm's…

Q: t is creative accounting and how does it work? Provide three common  techniques of creative…

A: Creative accounting is about accounting methods that follow the law but don't do what those laws and…