Which of the Following Is True About the Composition of Boards

question 70

Multiple Choice

Which of the following is true about the composition of boards of corporations covered by Sarbanes-Oxley?​

• A)​All board members must be independent.
• B)​All audit committee members must be independent.
• C)Independence is defined as not having current contracts with the corporation.
• D)both b and c

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Definitions:

Quantity Demanded

The amount of a good consumers are willing and able to buy per period at a particular price, as reflected by a point on a demand curve.

Real Income

Income measured in terms of the goods and services it can buy; real income changes when the price changes.

Law of Demand

A principle stating that, all else being equal, as the price of a good or service decreases, consumer demand for it will increase, and vice versa.

Price

The amount of money required to purchase a good or service, determined by various market and economic factors.