According to the ASA Model, Company Founders Can Influence the Values

question 26

Multiple Choice

According to the ASA model, company founders can influence the values, norms, and standards of their companies. This occurs because

• A)the founder is highly conscientious.
• B)managers distribute rules for behavior.
• C)the founder lays off employees and hires all-new staff.
• D)subordinates imitate the style of the founder.
• E)subordinates are inspired to create their own values.

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Definitions:

Audit Working Papers

Documentation that records all audit evidence obtained during financial audits and the audit procedures used.

Release

A legal agreement in which one party forfeits the right to make a claim against another in exchange for compensation or another benefit.

Court Orders

Legal directives issued by a judge or a court that require a person or entity to do or not do specific actions.

Securities Exchange Act of 1934

A law governing the trading of securities, such as stocks and bonds, aiming to prevent fraud and manipulation in the securities markets.