Answer please Works at ABC Interiors. Janet is a designer who works with clients of ABC on interior design projects. ABCclosely supervises all of its designers, and dictates their work schedules. Janet is ABC's:O employee and agent.independent contractor.o employee but not agent.employee, agent, and independent contractor.

An individual can operate for an organization in a different manner. At the same time, the employers…

Answered: Works at ABC Interiors. Janet is a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Mason is a CPA for a large company. Recently, he noticed that the company's accounting records significantly overstated the amount of inventory on hand, leading to an overstatement of assets the company holds. Initially, Mason brought it to the attention of his supervisor, but when nothing was done to correct the mistake, he decided to report it to the appropriate government official. Mason was counting on current law, under the __________, to protect him against company retaliation. Multiple Choice a)Sherman Act b)Cellar-Kefauver Act c)Robinson-Patman Act d)Sarbanes-Oxley Act
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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
Lucky administers an integrity test at Garden Haven, a supplier of lawn and garden supplies, in order to screen out potential thieves or dishonest workers. Howard, another Garden Haven employee, frantically finds Lucky and tells him the test is no good because several applicants just told him they faked their answers. What should Lucky do? A.) hire a group of proctors who are trained to catch cheaters to oversee test administration B.) do away with unreliable integrity tests and ascertain the qualities of applicants from face-to-face interviews C.) invalidate all of the tests taken during the testing period referred to by Howard D.) stop using the integrity test and switch to the more reliable and less invasive polygraph test instead E.) nothing because faking is common and does not influence the correlation between scores and performance
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…
Which of the following premortem actions can increase the liquidity of a decedent's estate? Making certain that a client's will is executed with all of the required legal formalities Stating reasons in a client's will why a close family member is not receiving any part of the client's estate Urging a client to keep written current records of payments made by the client on debts owed to third parties Urging a client to require written security for a promissory note given to the client for assets purchased from the client A) I, II, and IV B) I and II C) I, II, III, and IV D) III and IV
Sue is a fifty-five year old employee of company A. Her children are out of college and her parents have both died. Company A offers a child care program to all employees along with an elder care program. However, Sue, like many other employees, has no need for these services, neither now or in the future. Should the firm retain these programs? Should alternative benefits for employees who have no use for such services be offered?
Which of the statements-relatedto stakeholder conflict in businessis FALSE? A. Stakeholders are those who own the business and they may have differences in opinions on the direction of the business.B. Agency conflict is present when the agent does not act in accordance to the expectations of the principal.C. An example of an agent is the board of directors who represents the numerous stockholders.D. Rank and file employees may prioritize achieving the identified performance measures to obtain additional financial compensation but in doing so, may cause concerns to other employees and departments.
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Which of the following represents an agency relationship? 1) Horace wants to sell his farm and hires Marcie as his realtor. The two agree that if Marcie finds a buyer for the farm at Horace's price, then Horace will pay Marcie 7% of the price he receives. 2) Bob dies and leaves his assets in a trust for his minor child, Lilly. In the trust, Bob appoints Reggie as the trustee to act for Lilly's benefit. Since Reggie has a fiduciary duty to Lilly as trustee, Reggie is Lilly's agent. 3) Lucy contracts to sell her car to Tony for $5,000. Tony purchases the car only to find it not in the condition that Lucy described it. Tony is claiming that Lucy violated her fiduciary duty to him as his agent under the agreement. 4) Hunt is an attorney of questionable ethics. Roger, one of Hunt's clients, is arrested for DUI, but appears to be too intoxicated to consent to a breath test. Hunt is contacted by…

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