When Donna Started Her Work as a Telephone Operator in 1960

question 49

Multiple Choice

When Donna started her work as a telephone operator in 1960, she did not have a high school diploma. Now, her granddaughter hopes to apply for the same job, but the ad for the job says that a "four-year college degree" is a preferred job qualification. Though the work of the job is slightly different than it was in 1960, what a student studies in college is fairly irrelevant to what the job duties actually are. This is an example of

• A) post-industrialism
• B) hidden curriculum
• C) job training in education
• D) credential inflation

Comprehend the legal responsibilities of accountants in detecting and reporting fraud or financial irregularities in a client’s books.

Understand the defenses available to professionals accused of negligence or misconduct.

Appreciate the importance of maintaining and not destroying working papers and documentation in readiness for potential legal scrutiny.

Understand the legal obligations and potential liabilities of professionals, such as attorneys and accountants, under securities laws.

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Definitions:

Total Asset Turnover

A ratio calculating how effectively a company utilizes its assets to produce sales income.

Return on Equity

A measure of a corporation's profitability, indicated by the amount of net income returned as a percentage of shareholders equity.

Return on Assets

A financial ratio indicating how efficiently a company uses its assets to generate profit.

Equity Multiplier

An equity multiplier is a financial ratio that measures the proportion of a company’s total assets financed by its shareholders' equity, demonstrating the degree of financial leverage being used.