Which of the following is required by the Sarbanes-Oxley Act of 2002?
A) A price-earnings ratio.
B) A report on internal control.
C) A vertical analysis.
D) A common-sized statement.
B
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All of the following are true of the gross profit ratio except:
a. gross profit is a function of the markup percentage. b. the gross profit ratio is calculated by dividing gross margin by net sales. c. a revenue-related fraud scheme that overstates sales will result in an increase in this ratio. d. the gross profit ratio will increase if cost of goods sold is overstated.
Which of the following is true of a transmittal?
A) ?It orients reader to topic and previews major divisions. B) ?It provides overview of report and order in which information will be presented. C) ?It presents report to reader and summarizes main points or analysis. D) ?It includes alphabetical guide to subjects in report.
Which of Sen’s five instrumental freedoms refers to the right of adequate health care and education to be able to fairly compete in the market place?
a. Economic facilities b. Political security c. Social opportunities d. Personal freedom
A dog food manufacturer purchases processed meat by-products that it uses in the manufacture of a dry dog food. These processed meat by-products are examples of:
A. raw materials B. OEM products C. processed materials D. component parts E. replacement parts