With the enactment of the Sarbanes-Oxley Act in 2002, the expense and administrative responsibilities of being a public company, as well as the liability risks of officers and directors, are significantly greater.

Answer the following statement true (T) or false (F)


True

Business

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Two-sided messages are more effective with more educated audiences and those who are initially opposed

Indicate whether the statement is true or false

Business

Bernstein Inc Bernstein Inc is a local retailer. The following selected information is available from their 2011 and 2012 financial statements: Accounts receivable at 12/31/11 $ 160,000 Accounts receivable at 12/31/12 240,000 Inventory at 12/31/11 300,000 Inventory at 12/31/12 360,000 Net credit sales for 2012 3,400,000 Cost of goods sold for 2012 1,980,000 Net income for 2012 1,000,000 Refer to

the Bernstein Inc information above. What was Bernstein's number of days inventory was held before sale in 2012? (round to two decimal places) A) 121.67 days B) 60.83 days C) 120.46 days D) 240.13 days

Business

__________ enable individual employees to choose the benefits that are best suited to their particular needs.

A. Employee self-service systems B. Cafeteria plans C. Employee wellness programs D. Social Security plans

Business

Howard Heyman is the successful and well-respected manager of the Vancouver Ballet Company. After seven years' service, he is dismissed because the Board of Directors can no longer stand his prickly, arrogant personality and behaviour

The Board issues a press release saying that Howard was fired because of complaints of sexual harassment by young male members of the company. Howard is stung by these accusations, and goes into a serious depression which lasts nearly a year. Howard brings an action for wrongful dismissal, which VBC vigorously defends. It is not until the third day of trial that the defendants admit that the dismissal was without cause. What damages would Howard likely be awarded? A) common law notice B) damages for mental suffering C) punitive damages D) Both A and B E) All of the above

Business