A certificate of deposit is a negotiable instrument.

The objectives of an effective system of corporate governance include all of the following except:

A. ensure that the assets of the company are used efficiently and productively. B. eliminate or mitigate conflicts of interest among stakeholders. C. ensure complete transparency is disclosures regarding operations, performance, risk, and financial position.

Because a firm's performance measures reflect past performance, these measures can NOT be used to assist in forecasting future financial statements

Indicate whether the statement is true or false