Committees commonly appointed by the board of directors of a corporation include all of the

following except:

A) Compensation. B) Audit.
C) Benevolence. D) Executive.


C

Business

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During the current year being audited, Hitech, Inc. changed from a conventional payroll punch clock to a computerized payroll time system. Factory employees now record time in and out with magnetic cards and the IT system automatically updates all payroll records. Because of this change:

A. the potential for payroll related fraud has been diminished. B. without paper clock cards, part of the audit trail has been altered. C. internal control has improved. D. the auditor must audit through the computer.

Business

Gere Furniture forecasts a free cash flow of $40 million in Year 3, i.e., at t = 3, and it expects FCF to grow at a constant rate of 5% thereafter. If the weighted average cost of capital is 10% and the cost of equity is 15%, what is the horizon value, in millions at t = 3?

A. $840 B. $882 C. $926 D. $972 E. $1,021

Business

Scheduling jobs into the future based upon job arrival date refers to?

a. Backward scheduling b. Forward scheduling c. Inverse scheduling d. Advance scheduling

Business

In an employment contract, a covenant not to compete can be enforceable.

Answer the following statement true (T) or false (F)

Business