The best definition of assets is the

a. cash owned by the company.
b. resources belonging to a company having future benefit to the company.
c. collection of resources belonging to the company and the claims on these resources.
d. owners' investment in the business.


B

Business

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U.S. individuals are exempted from being prosecuted for bribery under the Foreign Corrupt Practices Act

Indicate whether the statement is true or false

Business

Which guideline for deciding on the number of MDS dimensions relies on theory or past research to suggest the number of dimensions?

A) a priori knowledge B) interpretability of the spatial map C) ease of use D) elbow criterion

Business

According to the Safe Drinking Water Act, which of the following drinking water standards must be established by the Environmental Protection Agency for drinking water contaminants?

A) primary standards to protect human health and secondary standards to protect aesthetic quality of drinking water B) primary standards to protect agriculture and secondary standards to protect recreational water C) primary standards to protect recreational water and secondary standards to protect human health D) primary standards to protect water used for health care facilities and secondary standards to protect water used by commercial establishments

Business

Indicate whether each of the following statements regarding internal controls is true or false. ________ a) The Sarbanes-Oxley Act of 2002 (SOX) requires public companies to evaluate their internal controls and publish those findings with their SEC filings.________ b) The Sarbanes-Oxley Act (SOX) applies to all companies, while the Enterprise Risk Management (ERM) framework is used by public companies only.________ c) Enterprise Risk Management (ERM) is an expansion of the earlier framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).________ d) The COSO framework includes five interrelated components: segregation of duties, quality employees, prenumbered documents, physical controls, and performance evaluations.________ e) Congress passed the

Sarbanes-Oxley Act in 2002 (SOX) in response to high profile accounting scandals, such as Enron and WorldCom. What will be an ideal response?

Business