Identify an External Mechanism That Seeks to Ensure Ethical Corporate

question 51

Multiple Choice

Identify an external mechanism that seeks to ensure ethical corporate governance.

• A)The Sarbanes-Oxley Act
• B)The COSO framework
• C)The European Union 7^th Directive
• D)The European Union 4^th Directive

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Definitions:

Bill of Material

A comprehensive list detailing all the raw materials, parts, components, and assemblies needed to produce one unit of a product.

Lot-For-Lot

A production and inventory control strategy that matches the order quantity exactly with the demand, without carrying any excess inventory.

Gross Requirements

The total amount of materials or components necessary to produce a product before accounting for any existing inventory.