Which of the following statements is true of the Sarbanes-Oxley Act?
A) Accounting firms are allowed to provide both auditing services and a full range of consulting services to their public company clients.
B) Those who commit securities fraud must be sentenced to 10 years in prison.
C) All private and foreign companies must issue an internal control report evaluated by an outside auditor.
D) The Public Company Accounting Oversight Board oversees the work of auditors of public companies.
D
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Leader–member exchange suggests one’s ______ status with a manager might increase supportive communication from that manager.
A. out-group B. religious C. marital D. in-group
Which of the following statements is most appropriate?
a. Managers do the right thing. Leaders do things right. b. Managers do things right. Leaders do the right thing. c. Managers do little. Leaders do much. d. none of these
Everything else equal, a project that has a long traditional payback period (PB) _____.
A. has greater implied risk than a project that has a shorter PB B. generally ensures the firm has enough liquidity to survive for a fairly long period of time C. must have a positive net present value (NPV) D. has an expected rate of return that is greater its internal rate of return E. results in a terminal value that is greater than the present value of its cash outflows
The Work-in-Process Inventory account includes the ________
A) goods that are ready to be sold B) goods that are partially completed C) goods that have been sold in the market D) goods that are damaged during production