Which of the following elements is not used in the calculation of economic value added for an investment center?
A. A company's weighted-average cost of capital.
B. An investment center's after-tax operating income.
C. An investment center's total assets.
D. An investment center's return on investment.
E. An investment center's current liabilities.
Answer: D
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Which one of the following statements is true?
a. The audit committee provides contact between the board of directors and the key officers of the company. b. The audit committee has become less involved in the financial accounting system as a result of the Foreign Corrupt Practices Act. c. The audit committee is a board of directors subset that acts as a direct contact between the stockholders and the independent accounting firm. d. The board of directors consists of the company's external auditors.
Sequential storage means
a. data is stored on tape b. access is achieved through an index c. access is direct d. reading record 100 requires first reading records 1 to 99
Auditing is the process of attesting to assertions about economic actions and events
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true of a jury?
A) Members of the jury are selected by the parties involved in the case. B) A grand jury convenes to decide whether enough evidence exists to try the defendant. C) A grand jury can be impaneled in a civil case if the nature of the case is highly technical. D) A jury can ask the judge to decide the facts if the nature of the case is highly technical.