Which of the following statements is not correct concerning summary annual reports?
a. A summary annual report omits much of the financial information included in an annual report.
b. When a company issues a summary annual report, the proxy materials it sends to shareholders must include a set of fully audited statements and other required financial disclosures.
c. A summary annual report generally has more nonfinancial pages than financial pages.
d. A summary annual report is adequate for reasonable analysis.
e. The concept of a summary annual report was approved by the Securities and Exchange Commission.
D
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The benefits of the object-oriented approach to systems design include all of the following except
a. this approach does not require input from accountants and auditors b. development time is reduced c. a standard module once tested does not have to be retested until changes are made d. system maintenance activities are simplified
Normal capacity is the average annual level of operating capacity needed to meet expected sales demand
Indicate whether the statement is true or false
Which group incentive ultimately allows at least part of the stock in the company to be given to employees over a period of time based on some formula?
A. Employee stock ownership plan B. Stock options plan C. Employee stock provision plan D. Stock purchasing plan E. An executive-level retirement plan
A school is trying to determine a nutritional diet to feed its students. The school would like to offer some combination of milk and beans. The school’s objective is to minimize cost, subject to meeting the minimum nutritional requirements of protein, calcium, and calories. The cost and nutritional content of each food, along with the minimum nutritional requirements are shown here.
At the optimum solution, what is the total number of units of protein included in the diet?
a. 30
b. 40
c. 51
d. 18