Tesco Was Forced to Restate Its Earnings for the First

question 18

Multiple Choice

Tesco was forced to restate its earnings for the first half of 2014 to 431 million USD because senior managers in the U.K.food business had booked income early and delayed the booking of costs in order to improve appearances of financial performance.This scandal results from ________ and ________.

• A) poor environment; management systems
• B) poor governance; control
• C) external environmental factors; internal environmental factors
• D) leadership; financial systems

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Definitions:

Francisco de Zurbarán

A Spanish painter of the Baroque period known for his religious paintings, still lifes, and for his depictions of monks and saints.

Juan Sánchez Cotán

A Spanish Baroque painter, renowned for his pioneering and highly realistic still life paintings.

Guido Reni

An Italian painter of high-Baroque style, renowned for his graceful figures and religious as well as mythological themes.

Casino Rospigliosi

A historical building in Rome, Italy, known for housing important artworks, including frescoes by the artist Guido Reni.