Effective control of a company's operations is achieved through all of the following except:
a. periodically measuring and comparing company results.
b. assigning responsibility for costs to employees responsible for those costs.
c. constantly monitoring employees to ensure they do exactly as they are told.
d. taking necessary corrective action when variances suggest it is needed.
c
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Answer the questions below.
a.You buy a government bond that pays interest twice a year. The interest payment is $300 each six months. The bond matures in six years. The face value of the bond is $10,000. The annual market interest rate is 6 percent. What is the present value of the bond? Show your work. A formula that may be useful to you is: 
. b.After six months go by, you receive the first interest payment of $300. The annual market interest rate has declined to 5 percent and you decide to sell the bond. What is the bond's present value when you sell it? Show your work. c.What is your total return from owning the bond for six months (expressed at an annual rate, in percentage points, with two decimals)? Show your work.
What will be an ideal response?
______________ was a leader of Britain's most recent privatization efforts.
Fill in the blank(s) with the appropriate word(s).
What prohibition does the Sarbanes-Oxley Act impose on an accounting firm providing audit and nonaudit services to the same company?
What will be an ideal response?
Products that can be traded in large volumes such as wheat, corn, and cattle are ____________________.
Fill in the blank(s) with the appropriate word(s).