The Section of SOX That Requires Management to Prepare a Report

question 35

Multiple Choice

The section of SOX that requires management to prepare a report on its internal controls is:

• A) Section 302
• B) Section 404
• C) Section 808
• D) Section 10A(b)

Understand the characteristics and differences of various organizational structures (functional, divisional, matrix, network).

Recognize the suitability of different organizational structures for specific organizational strategies and needs.

Identify the impact of organizational structures on coordination, communication, and flexibility within companies.

Analyze the role of division of labor and distribution of authority in different organizational structures.

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Definitions:

Par Value

The nominal or face value of a bond, share of stock, or other financial instrument.

Issue Price

The price at which new shares, bonds, or other securities are offered to the public or existing shareholders for sale.

Stock Dividends Distributable

Shares that are to be given to shareholders as dividends, which have been declared by a company’s board but have not yet been distributed.

Equity Account

An account representing the owner's or shareholders' residual interest in the assets of the entity after deducting liabilities.