The Ultimate Responsibility for Monitoring a Firm Rests With

question 10

Multiple Choice

The ultimate responsibility for monitoring a firm rests with:
I. Shareholders;
II. Board of Directors;
III. Independent accountants;
IV. Lenders

• A) I only
• B) I and II only
• C) I, II, and III only
• D) I, II, III and IV

---

Definitions:

Exteroreceptors

External sensors in the body that detect stimuli from the outside world, such as light, sound, and touch.

Perception

Processing of sensory stimuli that occurs when the brain interprets information being received from the sensory receptors.

Thermoreceptors

Thermoreceptors are sensory receptors that detect changes in temperature, enabling the sensation of warmth or cold.

Ciliary Muscle

A ring of smooth muscle in the eye's middle layer that changes the shape of the lens for focusing.