Which of the Following Provide Incentives for Developing Core Practices

question 14

Multiple Choice

Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance?

• A)Department of Justice, Sarbanes-Oxley Act, and Open Compliance Ethics Group
• B)Department of Justice, Dodd-Frank Act, and Sarbanes-Oxley Act
• C)Federal Sentencing Guidelines for Organizations, tSarbanes-Oxley Act, and Dodd-Frank Act
• D)Food and Drug Administration, Federal Sentencing Guidelines for Organizations, and Sarbanes-Oxley Act
• E)Securities and Exchange Commission and Sarbanes-Oxley Act

Understand the treatment and reporting of noncash investing and financing activities in the statement of cash flows.

Analyze the impact of changes in current and non-current accounts on cash flows.

Understand the different types of taxes (proportional, progressive, regressive) and their impacts.

Identify the roles and responsibilities of government in economic systems.

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Definitions:

Reserve Ratio

The fraction of deposits that a bank must hold in reserve and not lend out, as required by monetary authorities.

Reserve Ratio

The fraction of depositors' balances that banks must have on hand as cash, a requirement determined by the central bank.

Money Multiplier

The mechanism by which the base money supply is expanded through the banking system's ability to lend and create deposits.

Reserve Ratio

The portion of depositors' balances that banks must have on hand as cash.