An employee of a company, who has good technical knowledge, is concerned that some televisions made by the company may have electrical shorts that could cause fires. Since no one in the company would address the problem, the employee provides evidence of the problem to the media and state attorney general, so consumers can be aware of the problem. If the employee is fired he is unlikely to have:
a. a case against the company
b. a case against the company unless he was an independent contractor c. a case against the company unless he was a general agent
d. a case against the company unless he was a servant
e. a case against the company unless an injury does occur to a consumer, in which case the firing will be illegal
Question 2
Under the liability provisions of Section 11 of the Securities Act of 1933, an auditor may help to establish the defense of due diligence if: I. The auditor performed an additional review of the audited statements to ensure that the statements were accurate as of the effective date of a registration statement. II. The auditor complied with GAAS.
a. I only
b. II only
c. Both I and II
d. Neither I nor II
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Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...