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NEW QUESTION 32
Which one of me following statements is correct concerning the Sarbanes-Oxley Act of 2002?

A. A company's Chief Accounting Officer cannot have been employed by the company's audit firm for the five years preceding the auditB. The company's audit firm must be rotated every five years and the lead auditor must be rotated every yearC. The five-member Public Company Accounting Oversight Board will be overseen by the AICPA and the FASB working togetherD. Corporate executives must personally certify the financial statements and company disclosures under the possibility of imprisonment

Answer: D

 

NEW QUESTION 33
A manufacturing company is setting a standard number of labor hours for a product Management creates a draft standard and asks for employees' feedback. Which one of the following statements best represents the type of standard that is being set?

A. A participative standard because the employees will more likely view the standard as reasonable.B. A participative standard because It includes management's Input to determine the standard.C. An authoritative standard because management still will ensure the standard fits the strategyD. An authoritative standard because the employees helped to determine the standard

Answer: A

 

NEW QUESTION 34
A scatterplot is an effective visualization technique that is used to

A. display the distribution of data points for a single variableB. illustrate the composition of an aggregate data point that changes over several periodsC. show the relationship of data points for two specific variablesD. compare and track the change in data points over multiple time periods.

Answer: C

 

NEW QUESTION 35
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