Ray Has Worked in the Mailroom at MNG Corporation for Five

question 21

Multiple Choice

Ray has worked in the mailroom at MNG Corporation for five years, and is widely respected throughout the organization.Jon, the chief financial officer, started working at MNG six months ago after holding a similar position with one of MNG's competitors.Which of the following statements is most true?

• A)Both Ray and Jon can help establish a strong control environment, but only Jon can effectively identify risks and suggest control activities.
• B)Both Ray and Jon can effectively identify risks and suggest control activities, but only Ray can help establish a strong control environment.
• C)Neither Ray nor Jon should participate in the development of an internal control plan.
• D)Both Ray and Jon can influence most aspects of an internal control plan for MNG.

Comprehend income mobility and its effects on income inequality.

Analyze the relationship between taxes, transfers, and income distribution through the Gini ratio.

Explain the role of discrimination, education, and training on income distribution.

Understand the economic arguments surrounding income equality and its implications.

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Definitions:

Cerebral Cortex

The outer layer of neural tissue of the cerebrum of the brain, involved in higher brain functions such as thought, language, and memory.

Limbic System

A complex system of nerves and networks in the brain, involving several areas near the edge of the cortex concerned with instinct and mood. It controls the basic emotions (fear, pleasure, anger) and drives (hunger, sex, dominance, care of offspring).

Cingulate Cortex

A part of the brain situated in the medial aspect of the cerebral cortex, involved in emotional processing, learning, and memory.

Hippocampus

A major component of the brain involved in forming new memories and is associated with learning and emotions.