Companies Are Required to Disclose in Their Proxy Statement or Annual

question 19

Multiple Choice

Companies are required to disclose in their proxy statement or annual filings with the SEC the total amount of audit and non-audit fees paid to the audit firm for the two most recent years. Which of the following is not one of the categories of fees that must be disclosed?

• A) tax fees
• B) consulting fees
• C) audit-related fees
• D) all other fees

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Definitions:

Stage-Gate®process

A project management approach that divides the process of bringing a new product to market into distinct stages separated by decision-making checkpoints or "gates."

Cross-functional Team

A group comprised of members from different functional areas of an organization, working together towards a common goal.

Salable Products Services

Products and services that are appealing to consumers and capable of being sold in the marketplace.

New-product Development Process

The series of steps from idea generation to market launch that companies follow to create and introduce a new product.