As a Result of Recent Accounting Scandals Involving Companies Such

question 37

Multiple Choice

As a result of recent accounting scandals involving companies such as Enron and World Com,the Sarbanes-Oxley Act of 2002 was written to protect shareholders of public companies by improving

• A)management accounting.
• B)corporate governance.
• C)professional competence.
• D)the corporate legal process.

Describe and apply return on investment (ROI) concepts to assess business performance.

Use statistical and financial functions in software (e.g., Excel or PHStat) to analyze investment and financing options.

Understand the fundamental concepts of debits and credits in accounting.

Comprehend the structure and purpose of a general ledger in financial accounting.

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Definitions:

Public-Interest Groups

Organizations that advocate for public welfare and common interests, affecting policy decisions without seeking profit.

Common Good

The benefit or interests of all participants or members of a community or society, considered as a collective group, rather than individual interests.

First Amendment

An amendment to the United States Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.

Redress of Grievances

The correction or compensation for wrongs or injuries, often sought by citizens from their government.