Executive management is ultimately accountable when an organization has failed to control risks. in general, organizations can be trusted to assign consequences of that failure to a few in top leadership roles who will take on the burden of consequences. thus, it is rarely necessary that regulators and courts be invoked to ensure accountability. true / false?

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?