During the investigations by the House Subcommittee on Oversight and Investigations, a question that was raised was:
A. Why did the internal controls fail in so many frauds?
B. Where was the board of directors in all these frauds?
C. Where were the auditors?
D. Why was fraud allowed to occur at some many companies?
Answer: C
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Jackie is requesting an adjustment. She is politely requesting specific action that needs to be taken. Jackie is working on the? ____________ of her message.
A. body B. appendix C. opening D. close E. first sentence
Discuss the key features of Section 302 of the Sarbanes-Oxley Act
Robert owns and operates a dry cleaning store as a sole proprietorship. Robert needs more
money for the business, so Janet agrees to lend him the money. Janet is to receive one-half of the net income of the dry cleaning store until the loan and interest is paid. This situation is: A) A partnership because they share profits. B) A partnership because there is an association of two or more people. C) Not a partnership. D) A partnership because they own the business together. E) A partnership because they are carrying on a trade or business.
Payday loans carry an interest rate of
a. less than 25 percent. c. about 75 percent. b. about 50 percent. d. more than 100 percent.