An Audit Committee

question 29

Multiple Choice

An audit committee

• A) is composed only of an organization's shareholders.
• B) should be primarily composed of only external board members (a NYSE requirement).
• C) ideally should be composed only of members who are also high-level executives in the organization.
• D) ideally should report directly to the controller.

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Definitions:

Efferent Fibers

Nerve fibers that carry impulses away from the central nervous system to effectors such as muscles or glands, facilitating response and action.

Root Ganglion

A cluster of nerve cell bodies found in the dorsal root of a spinal nerve.

Ventral Rami

Ventral rami refer to the branches of spinal nerves that emerge from the anterior portion of the spinal cord, responsible for innervating the anterior and lateral parts of the trunk and limbs.

Plexus

A network of nerves or vessels in the body.