As a Result of Accounting Scandals, Several Methods Have Been

question 60

Multiple Choice

As a result of accounting scandals, several methods have been developed to deal with the issues of corporate governance.They are all of the following EXCEPT:

• A)The Board must select only SEC approved consultants.
• B)Chairman of the Board position should be split from the CEO position.
• C)Board of Directors should have a majority of independent directors.
• D)The Board of Directors must explain its approach for adopting a code of ethics for the CEO and senior financial officers.

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Definitions:

Market

A market is a venue where buyers and sellers come together to exchange goods, services, or information, either physically or virtually.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on various factors not related to costs.

Market

A system or environment where buyers and sellers interact to trade goods, services, or information.

Pricing

The process of determining the monetary value at which goods and services will be sold.