_______ Includes a Requirement That Management Assess the Effectiveness of an Organization's

question 17

Multiple Choice

_______ includes a requirement that management assess the effectiveness of an organization's internal controls and commission audits of these controls by an external auditor in conjunction with the audit of its financial statements.

• A)An ethics audit
• B)The Dodd-Frank Act
• C)Sarbanes-Oxley 404
• D)Title VII of the Civil Rights Act
• E)The Whistle-blower Protection Act

---

Definitions:

Total Utility Function

A mathematical representation of the total satisfaction received from consuming a certain amount of goods or services.

Risk-Averse

A characteristic of individuals who prefer to avoid risk and would rather choose an option with a more certain but possibly lower return over an uncertain option with a potentially higher return.

Total Utility

The total satisfaction received from consuming a certain quantity of goods or services.

Increasing Marginal Utility

A situation in which each additional unit of a good or service consumed provides more utility or satisfaction than the previous one.