Which of the following is not one of the subcomponents of the control environment?

A) management's philosophy and operating style
B) organizational structure
C) adequate separation of duties
D) commitment to competence

C

Business

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When a legal description uses only sections, townships, and ranges, the lines relate to the:

A: Government survey lines; B: Contour lines; C: Recorded tract map; D: Metes and bounds descriptions.

Business

The SEC's antifraud Rule 10b-5 prohibits trading on the basis of inside information of a business corporation's stock by

A. Officers and directors only. B. Officers, directors, and shareholders only. C. Officers, directors, and beneficial holders of 10% of the corporation's stock. D. Anyone who bases his or her trading activities on the inside information.

Business