Nathan noticed that a company that has great potential just declared a ________ because its stock price was getting too high for the small investor to buy the stock
The company will substitute more shares for the existing shares of stock without increasing the market value of the firm.
A) dividend yield
B) stock repurchase
C) claim on income
D) stock split
E) stock splice
Answer: D
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Which of the following statements regarding the distinctions between internal and external audit is true?
a) The internal auditing profession was created primarily in response to the 1933 and 1934 Securities Exchange Act, external auditing was a concept that came from the stock exchange rules. b) The external auditor reports directly to the audit committee, internal audit reports to the CFO. c) Internal auditors hold fiduciary responsibility to shareholders; external auditors hold only a contractual obligation to the corporation retaining the audit service . d) Internal auditors concentrate on the reliability of the accounting data input and subsequent systems processing; external auditors concentrate on the validity of the accounting data output and the underlying supporting evidence.
Culture includes conscious and unconscious values, ideas, attitudes, and symbols that shape human behavior that are confined to a generation
Indicate whether the statement is true or false