Delta Products, Inc

question 6

Multiple Choice

Delta Products, Inc., files a suit against Evan, its former accountant, al?leging constructive fraud. Evan may be held liable

• A) if Delta cannot prove actual fraud.
• B) if Evan was grossly negligent in the performance of his duties.
• C) only if Evan acted with fraudulent intent.
• D) only if the court adopts the Ultramares rule.

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Definitions:

Type I Error

The mistake of rejecting a true null hypothesis, also known as a false positive.

Type II Error

The statistical error that occurs when one fails to reject a false null hypothesis, a mistake of not detecting an effect that is there.

Nonparametric Techniques

Statistical methods that do not assume a specific distribution for the data they are analyzing.

Parametric Techniques

Statistical methods based on assumptions about the distribution of the underlying population from which the sample data are drawn.