In the United States, the hiring of a company's external auditors of a public company is most likely the responsibility of the

A. Audit committee.
B. Public Company Accounting Oversight Board.
C. Board of directors.
D. Management.


Answer: A

Business

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Depletion of the ozone layer, destruction of the rain forests, and species extinctions all have an impact on:

A. A particular region. B. A particular nation. C. All of society. D. Only developing countries.

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The business decisions made by the finance department include investment data, monetary data, and reporting data.

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

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Which of the following costs is least likely to be classified as a fixed cost?

A) Factory rent B) Plant manager salary C) Direct materials D) Depreciation on factory building

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The manufacturer of Fast Peddle Bikes offers a warranty that states that the gear-shifting mechanism for its product will work consistently and be free of mechanical defects for five years. This is an example of a(n) ________ warranty.

A. specific B. general C. extended D. additional E. basic

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