Which of the following was not pointed to by the SEC as a motivation for fraud in the Xerox case?
A. Xerox misled investors by polishing its reputation on Wall Street and to boost the company's stock price
B. Xerox top management overrode the internal control to manipulate earnings
C. Xerox failed to disclose GAAP violations that led to acceleration in the recognition of approximately $3 billion in equipment revenues
D. Xerox recognized a greater amount of revenue on leases in early years than warranted and didn't break out revenues that should have been deferred and recognized in future years
B. Xerox top management overrode the internal control to manipulate earnings
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Following is a list of advantages and disadvantages of the corporate form of business. Identify each characteristic as either an advantage (A) or a disadvantage (D).
Internal failure costs and prevention costs make up the costs of conformance
Indicate whether the statement is true or false
Implementing and executing strategy successfully requires
A. the efforts of a company's whole management team, not just a few senior managers. B. a financially driven process aimed at squeezing the most profit out of conducting daily operations. C. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape. D. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy. E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.
The Consumer Financial Protection Bureau is an independent executive agency housed within the Federal Reserve and was established to regulate consumer financial products or services solely under the Consumer Financial Protection Act of 2010
a. True b. False Indicate whether the statement is true or false