A Car Tire Manufacturer Guarantees That Its Tires Will Last

question 5

Multiple Choice

A car tire manufacturer guarantees that its tires will last for 50,000 miles and,if they do not,it will replace the tires at no cost.A CPA working for this manufacturer of car tires is in charge of determining the liability account entitled "Liability for Warranty Repairs." Historically,this warranty account has had a balance equal to 2% of sales.However,due to a drastically high level of defects at the company's offshore manufacturing facility,this liability account needs to be increased by millions of dollars to roughly equal 9% of sales. To avoid negative publicity,this CPA's employer does not want this revised amount to be disclosed in its financial statements.The employer:

• A) Can keep this fact confidential because the CPA knows, or reasonably should know, that it will cause harm to the employer
• B) Cannot keep this fact confidential because the duty of confidentiality does not apply to the relationship between an employer and an employee
• C) Cannot keep this fact confidential because the CPA has a primary duty to ensure that a company's financial statements are accurate
• D) Can keep this fact confidential because the duty of confidentiality does apply to the relationship between an employer and a CPA-employee

Understand cross-cultural psychology's approach to studying human behavior.

Recognize the influence of culture on individual and group behavior.

Understand the core concepts and differentiation of schools of thought within psychology.

Understand the importance of cultural diversity and the negative impact of ethnocentrism.

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Definitions:

Correlation

A numerical indicator showing the degree to which two or more variables move in relation to one another.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables change together, and the strength and direction of their relationship.

Variables

Aspects of a study or situation that can change or vary, such as characteristics of participants or environmental conditions.

Consistency

The quality of always behaving or performing in a similar way, or of always occurring at the same rate or level.