Which of the Following Is a Specific Corporate Governance Responsibility

question 67

Multiple Choice

Which of the following is a specific corporate governance responsibility of Executive Management?

• A) Approving major changes, such as mergers.
• B) Approving non-audit work performed by the audit firm.
• C) Reviewing the budget of the internal audit function.
• D) Implementing an effective ethical environment.

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Definitions:

Ethanol

A volatile, flammable, clear liquid also known as alcohol, used as a solvent, in the manufacture of various chemicals, and as an intoxicant.

Acetic Acid

A weak carboxylic acid with the formula CH3COOH, known for its sour taste and pungent smell, used in vinegar.

Carbonyl

A functional group consisting of a carbon atom double-bonded to an oxygen atom, central to various organic compounds including aldehydes and ketones.

Butan-2-ol

An isomer of butanol where the hydroxyl (-OH) group is attached to the second carbon in the butane chain.