Which of the following could most likely have prevented the accounting scandals of the early 2000s and the global financial crisis?
A. separating economic interests and social needs
B. adopting a narrow shareholder perspective
C. practicing effective corporate governance
D. adopting the principles of shareholder capitalism
Answer: C
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Vicki entered into a written contract to buy a car from Valley Motors. During the negotiations, the sales representative said that the car had a two-year full warranty. The written contract included a provision that stated, "This writing is the full and final expression of the parties' agreement; anything said before signing or while signing is irrelevant." The written contract did not include a
warranty. Two months after Vicki took delivery of the car, she discovered that the transmission needed to be replaced. Vicki claimed that it was covered by the full warranty. Will Vicki be able to present evidence as to the sales representative's statements concerning the warranty? a. No. The parol evidence rule will most likely exclude any evidence of the discussion of the warranty. b. Yes. The leading object rule will allow evidence as to the discussion of the warranty. c. Yes. The evidence is needed because the contract is ambiguous. d. No, because the contract was fully executed.
The length of time expected to complete an activity assuming that its development proceeds normally is called the:
A) Optimistic duration. B) Pessimistic duration. C) Most likely duration. D) Normal duration.
A ____ is issued by the transport carrier to the exporter to prove merchandise has been shipped.
A. license B. letter of credit C. bill of lading D. draft E. voucher
Facio Corporation has provided the following data concerning an investment project that it is considering: Initial investment$770,000 Working capital$65,000 Annual cash flow $274,000per yearSalvage value at the end of the project$20,000 Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.The working capital would be released for use elsewhere at the end of the project in 3 years. The company's discount rate is 8%. The net present value of the project is closest to:
A. $52,000 B. $3,588 C. $(61,412) D. $(113,022)