The Sarbanes-Oxley Act of 2002 prohibits the employment of an accountant by a previous audit client for five years after the first appointment

Indicate whether the statement is true or false


FALSE

Business

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Given the following data (Ignore income taxes.): Cost of equipment$48,680 Annual cash inflows $10,000 Internal rate of return 10%See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.The life of the equipment must be:

A. 5 years B. 6 years C. 7 years D. It is impossible to determine from the data given

Business

How would you classify a leader who has certain rights and privileges that allow him or her to reward or discipline employees?

A. formal B. official C. informal D. authorized

Business

Goodwill messages should be personalized and include specific incidents or characteristics of the receiver

Indicate whether the statement is true or false

Business

A potential source for knowledge and assistance for models of organization and organization change literature includes ______.

A. organizational theory literature B. trade literature C. books of narratives that have a clear and usually simple maximum to teach. D. all of these

Business