Segment margin is sales less variable expenses less traceable fixed expenses.
Answer the following statement true (T) or false (F)
True
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Susanna hires Shane, a lawyer, as an independent contractor to represent her in a civil lawsuit against a defendant to recover monetary damages
If Susanna authorizes Shane to settle the case within a certain dollar amount and Shane does so, which of the following would be true? A) The agreement is invalid after Shane's contract with Susanna terminates. B) The agreement is void because independent contractors cannot enter into contracts. C) The agreement is binding only when there is no financial settlement involved. D) The settlement agreement is binding for Susanna.
To improve information flow, many of today's companies have decreased the number of operating units and managers, thereby shortening lines of communication
Indicate whether the statement is true or false
A biotechnology company is constantly faced with important decisions that are likely to have severe consequences on the future of the company. The top managers should
A. decentralize decision-making authority. B. appoint lawyers to make business decisions. C. train first-line managers to make these decisions. D. exercise centralized decision-making authority. E. consult investors when making important daily decisions.
What are the requirements of section 404 of SOX?
A) It requires that senior management return any profits or bonuses resulting from stock sales during any period covered by financial statements that must later be restated. B) It requires that auditors do not perform any non-auditing tasks for the companies they audit. C) It requires that audit partners rotate every five years. D) It requires that senior management and the boards of public companies attest to the effectiveness and validity of their financial control process.