In Response to the Collapse of the Soviet Union, President

question 20

Multiple Choice

In response to the collapse of the Soviet Union, President George Bush called for a "new world order" where

• A) Russia would join the democratic West in containing communist China.
• B) the United States would serve as policeman for the world.
• C) the U.N. Security Council would assert sovereignty over the rival nation-states.
• D) NATO would guarantee security and peace in Europe, Asia, the Middle East, and Africa.
• E) democracy would reign supreme and diplomacy would replace weaponry.

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Definitions:

Certified Public Accountant

A professionally accredited accountant who has met specific state qualifications and passed a national exam.

Foreseeable Plaintiff

A person who is readily identifiable as likely to be harmed by the defendant's conduct, thus owed a duty of care in negligence law.

Qualified Opinion

An opinion issued by an auditor saying that, as of a given date, the books of a firm represent its financial health; however, the auditor may qualify the opinion either because the firm is facing some uncertainty that might affect the company in the future or because the firm has deviated from generally accepted accounting principles (GAAP) in some minor way.

Sarbanes-Oxley Act

Legislation that places an affirmative duty on the directors of publicly-traded corporations to monitor whether they are conforming to all legal requirements.