Internal auditors assist external auditors with financial audits to
a. reduce audit fees
b. ensure independence
c. represent the interests of management
d. None of the above. Internal auditors are not permitted to assist external auditors with financial audits.
A
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Sarbanes-Oxley requires that the audit committee be composed of
a. At least 50% of key officers who are on the board of directors b. A majority of all of the members of the board of directors c. The outside members of the board of directors and the external auditor d. Entirely outside members of the board of directors
Answer the following statements true (T) or false (F)
1. When using MBO, managers should meet about once a year, either informally or formally, to review progress on meeting objectives. 2. Every five years, the upper-level managers of ABC Technology meet to develop a new large-scale action plan that will set the direction for the company for the next five years. In that meeting the managers work on developing a strategy. 3. The upper-level managers of Deluxe Coffee are meeting to discuss the company's long-range goals and vision. Like any organization, Deluxe Coffee should adopt planning and strategic management for just two reasons: (1) to provide direction and momentum and (2) to encourage retention of high-value employees. 4. When Holiday Inn Express stated that the organization strives to "be the primary source of hospitality in the communities" it serves by providing its customers "the best possible experience and by being good neighbors," it is stating its code of ethics.
Since a brand is basically a name, anything with a name, including a person, can potentially become a brand.
a. True b. False
Savory Bean Company makes and sells a sweet espresso coffee beverage under the name "Sugar Sugar.". Tropic Roast, Inc, later markets a similar drink under the name "Sweet Sweet.". This is most likely
a. copyright infringement. b. patent infringement. c. trademark infringement. d. not infringement.