As Generally Conceived,the Audit Committee of a Publicly Held Company

question 29

Multiple Choice

As generally conceived,the audit committee of a publicly held company should be made up of

• A) Representatives of the major equity interests (preferred stock, common stock).
• B) The audit partner, the chief financial officer, the legal counsel, and at least one outsider.
• C) Representatives from the client's management, investors, suppliers, and customers.
• D) Members of the board of directors who are not officers or employees.

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Definitions:

Covalent Bond

A type of chemical bond where two atoms share one or more pairs of valence electrons to achieve stability.

Intermolecular

Relating to or occurring between molecules, such as forces that govern the interactions and phase changes of substances.

Intramolecular

Describes forces or reactions occurring within a single molecule, as opposed to between different molecules.

Intermolecular Forces

The forces which mediate interaction between molecules, including hydrogen bonding, dipole-dipole interactions, and dispersion forces.