Which Monitors of a Firm,other Than the Board of Directors,are

question 37

Multiple Choice

Which monitors of a firm,other than the board of directors,are most likely to detect outright fraud?

• A)securities analysts
• B)lenders
• C)employees
• D)regulators
• E)shareholders

---

Definitions:

Modernization Theory

A theory suggesting that societal development occurs through a series of progressive stages, typically moving from traditional to modern industrial societies.

Traditional Society

A society that is largely based on customs, traditions, and pre-modern economic activities such as agriculture.

Modern Society

A societal phase marked by advanced technology, industrialization, rationality, and complex social structures, differentiating it from earlier societies.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, celebrated for enriching the social fabric.