The Sarbanes-Oxley Act requires CEO and CFO certification for annual and quarterly reports.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The following information is available for the Higgins Travel Agency. After closing entries are posted, what will be the balance in the Retained earnings account? Net Income$52,500?Retained earnings 135,000?Dividends 16,000?
A. $135,000. B. $66,500. C. $171,500. D. $203,500. E. $98,500.
Frank Carpenter, who runs a charity organization, has been faking his father's signature on his father's personal checks and writing them in favor of the charity as donations. He gets hold of the checks from his father's personal assistant, Rhonda Mason, who is also Frank's friend and the charity's trustee. After faking the signature, Frank gives the checks to Rhonda to deposit in the bank. But unbeknownst to Frank, Rhonda routes some of the check money into her own savings account. Frank's father, Dawson, realizes that money is being withdrawn from his account without his consent. He suspects his estranged son, Frank, and in order to find out if Frank is involved, Dawson secretly offers money to the financial accountant of the charity to divulge the charity organization's financial
dealings. The accountant accepts the money and gives access to the account books. After scrutinizing the financial records, Dawson realizes that Frank has been swindling him of his money, and the charity itself was being swindled by somebody from within. With this information, Dawson proceeds to file a suit against his son. In the above scenario, of which illegal activity are Rhonda and Frank guilty when it came to using Dawson's money for the charity? A. bribery B. criminal conspiracy C. extortion D. forgery
A hit-and-run or guerrilla warfare type offensive strategy
A. works best if the guerrilla is the industry's low-cost leader. B. involves pitting a small company's own competitive strengths head-on against the strengths of much larger rivals. C. involves undertaking surprise moves to secure an advantageous position in a fast-growing and profitable market segment; usually the guerrilla signals rivals that it will use deep price cuts to defend its newly won position. D. involves random offensive attacks used by a market leader to steal customers away from unsuspecting smaller rivals. E. involves unexpected attacks (usually by a small-to-medium size competitor) to grab sales and market share from complacent or distracted rivals.
A manufacturers' agent
A. is paid a commission on sales. B. can be especially useful to a small manufacturer with a narrow line of new products. C. is often replaced by a manufacturer's own sales force when sales rise. D. sells noncompeting products for several manufacturers in a limited territory. E. All these answers are correct.