Give Two Reasons Why Managers May Have a Bias Toward

question 72

Essay

Give two reasons why managers may have a bias toward smoothing earnings, and give two examples stating how this is achieved in practice.

Evaluate the impact of federal statutes such as the Magnuson-Moss Warranty Act on sales contracts.

Explore the options and remedies available to parties when goods are destroyed before risk passes to the buyer.

Appraise the specific rules regarding acceptance, rejection, and revocation of acceptance of goods.

Interpret the requirements for a valid tender of delivery and the opportunities for cure by the seller of nonconforming goods.

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Definitions:

Subordinate

An individual who is lower in rank or position and typically under the authority or command of another within an organizational hierarchy.

Direct Actions

Straightforward measures or movements made to achieve an objective without any intermediaries or deviations.

Indirect Actions

Indirect Actions refer to strategies or measures taken to achieve a goal or influence outcomes through means that are not straightforward or direct.

Visible Actions

Behaviors and activities that are observable by others, often used to demonstrate commitment or achievements.