The audit committee of an entity subject to SEC regulation will do all of the following except:
A. Be responsible for agreeing to fee compensation of the independent audit firm.
B. Serve as liaison between the board of directors and the independent audit firm.
C. Certify the annual financial statements.
D. Approve non-audit services provided by the independent audit firm.
E. Be comprised only of individuals who are not members of management.
Answer: C
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According to proponents of the Hawthorne effect,
A. giving less attention to employees increases worker productivity. B. increasing diversity results in increases in worker productivity. C. increasing synergy increases worker productivity. D. cutting costs through outsourcing harms employee morale and productivity. E. giving more attention to employees increases worker productivity, if they think managers care about them.
Cultural fluency includes
A) using a computer program to translate from one language into another. B) wearing latex gloves to avoid germs when visiting other countries. C) getting homesick on long visits overseas. D) knowledge of the international business environment.
The December 31, 2009 balance sheet shows net fixed assets of $150,000 and the December 31, 2010
balance sheet shows net fixed assets of $250,000. Depreciation expense for 2009 is $25,000 and depreciation expense for 2010 is $35,000. Based on this information, the cost of fixed assets purchased during 2010 is A) $100,000. B) $160,000. C) $110,000. D) $135,000.
The arithmetic logic unit and the control unit are part of the Basic Input/Output System
Indicate whether the statement is true or false