Which of the Following Is True of Federal Sentencing Guidelines

question 36

Multiple Choice

Which of the following is true of Federal Sentencing Guidelines for boards?

• A)The board must be knowledgeable about the objectives and process of the ethics program rather than simply the mere contents of a training session.
• B)The board should avoid exercising reasonable oversight with respect to the effectiveness and implementation of the ethics program.
• C)The board should leave the evaluation of all board policies, procedures, governance structure, and position descriptions to the executives.
• D)The board need not work with executives to analyze the incentives for ethical behavior.

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Definitions:

Owner's Equity

Represents the share of the company's assets that belongs to the owners after all debts have been paid.

Cash

Cash refers to money in the form of currency, including coins and banknotes, that can be used immediately for transactions.

Expense

An outflow of money or other resources incurred as a result of the company’s operations to generate revenue, representing the cost of doing business.

Prepaid Insurance

An asset account that represents insurance payments made in advance for future coverage periods.