Imagine That You Are on the Olympics Planning Committee

question 14

Multiple Choice

Imagine that you are on the Olympics Planning Committee.Nine out of 10 of the committee members hold the same opinions.However, one member, Laura, consistently deviates from the group's opinion.How is your group most likely to act toward Laura to bring her in line with the group's opinion? The group will

• A) first increase communication with Laura.When that doesn't work, the group will ignore and punish Laura.
• B) immediately punish Laura to force her to change her opinion.
• C) ignore Laura and refuse to communicate with her.If this tactic fails, the group will punish Laura.
• D) nominate Laura to be the chair of the committee.

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Definitions:

Long-Term Obligations

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Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors from fraudulent financial reporting by corporations.

Internal Controls

Internal controls are processes and procedures implemented by organizations to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Internal Controls

Procedures and mechanisms implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.