It Is the Responsibility of the ________ to Determine If

question 7

Multiple Choice

It is the responsibility of the ________ to determine if a CEO has the experience and integrity needed to head a company and be entrusted with the capital and wealth of the organization.

• A)chief financial officer
• B)stockholders
• C)employees
• D)board of directors
• E)ethics ombudsperson

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Definitions:

GAAP Standard

Generally Accepted Accounting Principles, the set of accounting standards used in the United States to ensure accuracy and consistency in financial reporting.

Relevance

The degree to which something is related or useful to what is happening or being talked about.

Statement Of Cash Flows

Statement showing the sources and uses of cash during a period of time.

Cash Receipts

The collection of money, including coins, notes, electronic payments, and checks, received by a business during a given period.