A system in which a shareholder can accumulate all of his or her votes and vote them all for one candidate or split them among several candidates is known as ________
A) trust voting
B) noncumulative voting
C) cumulative voting
D) supramajority voting
C
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Which of the following statements is false regarding partner rotation and audit firm rotation?
a. During a cooling off period, the individual or audit firm may not engage in any meaningful audit-related interactions with the client. b. Rules are the same internationally regarding the terms of mandatory partner rotation and mandatory audit firm rotation. c. The issue associated with mandatory partner or audit firm rotation is the familiarity threat. d. Having a longstanding relationship with the client could aid audit quality because of the knowledge that the partner and members of the engagement team gain through time.
The defect rate for a product has historically been about 1.6%. What are the upper and lower control chart limits for a p-chart, if you wish to use a sample size of 100 and 3-sigma limits?
What will be an ideal response?
To adjust debt and institute a repayment plan, Bianca—who is not a corpo-ration, a partnership, or a family farmer or fisherman—may file a peti-tion in bankruptcy for relief through
a. a liquidation. b. a reorganization. c. a repayment plan. d. a family-farmer bankruptcy plan.
The Shum Company makes a product, Z, from two materials: X and Y. The standard prices and quantities are as follows: X Y ?Price per pound$6 $9 ?Pounds per unit of product Z 10 5 ?In May, 21,000 units of Z were produced by Shum Company, with the following actual prices and quantities of materials used: X Y Price per pound$5.70 $8.40 Pounds used 216,000 114,000 Is the total direct materials mix variance favorable or unfavorable?
A. Favorable. B. Unfavorable.