Which of the following is NOT true regarding the passage of the Sarbanes-Oxley (SOX) Act?
a. SOX more clearly defined auditor independence.
b. SOX was intended to erode public confidence in the accounting profession due to recent scandals.
c. SOX replaced peer review with inspection by the PCAOB.
d. SOX implementation became the immediate focus of public companies and CPA firms.
ANSWER: B
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Ownership concentration is defined by the number of large-block shareholders and the total percentage of the firm's shares they own.
Answer the following statement true (T) or false (F)
If total institutions are said to cultivate negative power, then it could be said that polyphonic institutions cultivate _____________.
a. Liberty b. Hegemony c. Heaven d. Positive power
The life expectancy in the United States is 78 with a standard deviation of 6 years. A random sample of 64 individuals is selected. a.What is the probability that the sample mean will be larger than 80 years?b.What is the probability that the sample mean will be less than 76.5 years?c.What is the probability that the sample mean will be between 76 and 82 years?d.What is the probability that the sample mean will be between 74 and 77 years?e.What is the probability that the sample mean will be larger than 76 years?
What will be an ideal response?
A concentration of firms in a particular location is called ______.
a. an association b. a concentration c. a grouping d. a clustering