The Board of Directors Consists Entirely of Personal Friends of the Chief

question 141

Multiple Choice

The board of directors consists entirely of personal friends of the chief executive officer. This indicates a weakness in

• A) the accounting system
• B) the control environment
• C) control procedures
• D) this is not a weakness

Understand the basic concepts and differences between domestic supply and demand curves, import demand curves, and export supply curves.

Analyze the impact of world prices on a country's desire to import or export goods.

Understand the purpose and effects of excise taxes, protective tariffs, revenue tariffs, import quotas, and voluntary export restrictions.

Identify and analyze the equilibrium prices and quantities in international trade scenarios.