Which of the Following Was Not an Important Change Introduced

question 52

Multiple Choice

Which of the following was not an important change introduced by the Sarbanes-Oxley Act of 2002?

• A)New roles for audit committees
• B)New rules for auditors and management
• C)New rules for internal control requirements
• D)New rules for information systems development

Understand the significance of additional working capital and its effect on investment projects.

Grasp the concept of salvage value and its role in capital budgeting analysis.

Gain knowledge about the simple rate of return method and its application.

Learn how to evaluate investment proposals using the profitability index.

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Definitions:

Trade Creditors

Suppliers or vendors that allow businesses to buy goods or services on account, paying them at a later date.

Flexible Lending Arrangements

Financial agreements that offer adaptable repayment terms to accommodate the borrower's financial situation.

Asset-Based Lending

A type of financing where loans are given based on the value of an individual's or company's assets.

Loan Collateral

Assets or property pledged by a borrower to secure a loan, serving as a guarantee for the lender that the loan will be repaid.