While the Sarbanes-Oxley Act (SOX) contains many provisions, the overall intent of the legislation was to improve the accuracy of information given to both boards and to shareholders
SOX attempted to achieve this goal in all of the following ways EXCEPT ________.
A) overhauling incentives and independence in the auditing process
B) mandating the separation of the positions of CEO and Chairman of the Board
C) stiffening penalties for providing false information
D) forcing companies to validate their internal financial control processes
Answer: B
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Assume that the manufacturing cost of a company is $50,0000 and the general expenses is $50,000. Then, the amount of profit must be equal to at least _____ for the cost-based definition criterion of foreign market value to be met.
a. $44,000 b. $6,500 c. $56,000 d. $49,000
A Web-Star salesperson is preparing a sales presentation for a British firm that is interested in purchasing Web conferencing software. What is the best advice for the salesperson?
A) Use aggressive sales techniques because British business people appreciate aggressiveness. B) Remind the prospect of the disadvantages of competing Web conferencing products. C) Immediately use first names with the prospect because British business people are informal. D) Focus on objective facts about the Web conferencing product during the sales presentation. E) Call the prospect frequently after the sales presentation to determine if a decision has been made.
Organizational culture has little impact on the type, amount, or quality of communication in an organization
Indicate whether the statement is true or false
Lee has made several written and oral requests for his employees to undertake a new project. Although he has not received any feedback from his group, the task does not appear to be even started. This is an example of:
a. counter control b. insubordination c. follower power d. resistance