What is a simple structure?
a. A structure that consists of a chief executive officer and a limited corporate staff, with functional line managers in dominant organizational areas
b. A structure in which the owner-manager makes all major decisions and monitors all activities while the staff serves as an extension of the manager's supervisory authority
c. A non-complex structure that has a small probability of being successful
d. A structure in which manufacturing efficiency is the focu
b. A structure in which the owner-manager makes all major decisions and monitors all activities while the staff serves as an extension of the manager's supervisory authority
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Which of the following is not a way by which the Sarbanes-Oxley Act attempts to ensure auditor independence from an audit client?
A. The auditing firm must be appointed by the client's audit committee. B. Audit fees must be approved by the Public Company Accounting Oversight Board. C. The audit committee must be composed of members of the client's board of directors who are independent of the management. D. The external auditor cannot also perform financial information system design and implementation work.
When trying to determine the amount of economic obsolescence suffered by a commercial property, the answer to which of the following questions would be of most benefit:
A: Can a building be operated efficiently? B: Are the tenants in the neighborhood prospering? C: Should a fire escape be installed? D: Is the rental schedule of the building equitably charged to the tenants?