Each of the Following Is Part of the New York

question 6

Multiple Choice

Each of the following is part of the New York Stock Exchange listing requirements except for:

• A) All directors must be independent of management
• B) Audit committees must consist of at least three members all of whom are independent of management and the entity
• C) The audit committee should report regularly to the board of directors
• D) Each listed company must have an internal audit function

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Definitions:

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the government.

Consumer Expenditures

The total spending by consumers on goods and services for personal use.

Profit Income

The financial gain that results when the revenue from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Market System

In this economic framework, the determination of investment, production, and distribution is influenced by the market signals emanating from the interplay of supply and demand.