Companies with Good Governance Generally Have the Following Characteristic(s)

question 35

Multiple Choice

Companies with good governance generally have the following characteristic(s) :

• A)are less likely to engage in "financial engineering"
• B)take the requirements of good internal control over financial reporting seriously
• C)make a commitment to financial competencies needed
• D)all of the above

---

Definitions:

Law of Demand

The economic principle that, all else being equal, there is an inverse relationship between the price of a good and the quantity demanded.

Other-Things-Equal Assumption

The assumption that factors other than those being considered are held constant. Also known as the ceteris paribus assumption.

Supply

The total amount of a specific good or service that is available to consumers at current prices.

Excise Tax

A tax imposed on specific goods, services, or activities, such as tobacco, alcohol, and fuel, usually intended to discourage their use or generate revenue.