The ________ approach computes the differences in cash flows between two alternatives and then finds the present value of these differences

Audit committees have been identified as a major factor in promoting independence in both internal and external auditors. Which of the following is the most important limitation on the effectiveness of audit committees?

A. Audit committees are composed of independent directors. However, those directors may have close personal and professional friendships with management. B. Audit committee members are compensated by the organization and thus favor a shareholder's view. C. Audit committees devote most of their efforts to external audit concerns and do not pay much attention to internal auditing and the overall control environment. D. Audit committee members do not normally have degrees in the accounting or auditing fields.

Jennifer is the chief financial officer (CFO) of an international bank. She is an American Porsche customer who considers her car as a reward for having worked hard all her life

She strongly feels that owning the car is what really matters and not the prestige of owning an expensive automobile. Which of the following psychographic categories does Jennifer belong to? A) Top Guns B) Proud Patrons C) Fantasists D) Elitists