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
d
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Which of the following is true of real business-cycle models??
A. According to real business-cycle models the demand shocks are responsible for the business cycles. B. According to real business-cycle models government intervention is responsible for business cycles. C. According to real business-cycle models fluctuations in total factor productivity are responsible for business cycles. D. ?According to real business-cycle models erratic monetary policies are responsible for business cycles.
Which of the following transportation modes ranks lowest in capability?
A) truck B) railroad C) Internet D) air E) water
If bonds are issued at 101.25, this means that
a. a $1,000 bond sold for $101.25. b. the bonds sold at a discount. c. a $1,000 bond sold for $1,012.50. d. the bond rate of interest is 10.13% of the market rate of interest.
You observe that a company's current ratio has increased significantly. This could indicate that:
a. contingent liabilities are not recorded. b. accounts payable is understated. c. expenses are inappropriately capitalized as assets. d. fixed assets are overstated.