All of the following statements are true about the Sarbanes-Oxley Act except
A) it applies to publicly traded companies.
B) it shields chief executives from criminal penalties.
C) it orders the SEC to draw up certain rules.
D) its primary goal is to regulate financial reporting and the accounting profession.
B
You might also like to view...
Engineering design for mass-produced automobiles is classified as a(n) __________-level activity in an activity-based costing system
a. operations b. batch c. unit d. product
If a special pricing order is accepted for 5500 sails at a sales price of $150 per unit, and fixed costs remain unchanged, what is the change in operating income? (Assume the special pricing order will require variable manufacturing costs and variable selling and administrative costs.)
Voyage Sail Makers manufactures sails for sailboats. The company has the capacity to produce 37,000 sails per year and is currently producing and selling 30,000 sails per year. The following information relates to current production:
A) Operating income decreases by $825,000.
B) Operating income increases by $825,000.
C) Operating income decreases by $495,000.
D) Operating income increases by $495,000.
When Joe asked Lauren to complete her self-evaluation, she only commented on the positive things she had accomplished over the past year, even though she had made some significant mistakes during the first six months. Which perception bias is she showing?
a. frame of reference b. “like me” assumption c. selectivity d. expectations
Which class of stock entitles its owner to special options relating either to dividends or to the distribution of assets?
A) preferred stock B) privileged stock C) common stock D) limited stock