The Creation of the _____ Was an Attempt to Reestablish

question 80

Multiple Choice

The creation of the _____ was an attempt to reestablish the perceived independence of auditing companies after the corporate accounting scandals of the early 2000s.

• A)Securities and Exchange Commission
• B)Consumer Financial Protection Bureau
• C)Federal Labor Relations Authority
• D)Public Company Accounting Oversight Board

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Definitions:

Political Risk

Risk related to changes in value that arise because of political actions.

Foreign Subsidiary

A foreign subsidiary is a company that is owned or controlled by another company but operates in a different country from the parent company.

Parent Company

is a corporation that owns enough voting stock in another firm to control its board of directors and therefore its operational and financial policies.

Forward Rate

The agreed-upon exchange rate for a currency pair to be traded at a future date, used in forward contracts.