A(n) _______ allows the owners to be taxed like a partnership but with limited liability
A) corporation.
B)franchise.
C)limited liability company.
D)joint venture.
C
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Answer the following statements true (T) or false (F)
1. The Sarbanes-Oxley Act requires all private companies in the United States to maintain an internal control system. 2. The Public Company Accounting Oversight Board oversees the work of auditors of public companies. 3. Under the Sarbanes-Oxley Act, accounting firms are allowed to audit a public company and provide certain consulting services for the same client. 4. Violators of the Sarbanes-Oxley Act may be sentenced to prison for making false sworn statements.
Which of the following is a possible indicator of concealment in a bankruptcy or divorce fraud?
a. Increases in operating losses that are not explained by economic factors b. The size of orders placed on credit and the credit balances with suppliers suddenly and dramatically decrease c. A sudden change in management is made without public notice d. The company sells goods at large discounts
Which of the following deals with the role of MIS?
A) determine decision makers' information needs B) acquire the needed information C) distribute information to the decision makers in a form in which they can use it for decision making D) distribute information to the decision makers at a time when they can use it for decision making E) all of the above
You are being an ethical speaker when you do the following:
a. cover up information b. distort information c. lie about information d. not exaggerate information