accounting

The Sarbanes-Oxley Act increased the maximum jail sentence for fraudulent reporting to

20

Which of the following statements are true?

Most managers today are driven primarily by economic results. Most public companies now issue corporate social responsibility (CSR) reports. The triple bottom line is a component of sustainability accounting.

Which of the following statements is true?

Nonmanufacturing firms are increasing as a proportion of the marketplace.

Managerial accounting information ______.

is important for both profit making and nonprofit organizations

Select the correct statements.

The number of employees working in manufacturing has remained relatively constant over the past 40 years. The U.S. economy is moving more towards the service industry

In an attempt to reduce the opportunities for error and fraud, SOX places additional responsibilities on ______.

all managers external auditors boards of directors

The process of discovering and communicating meaningful patterns and insights from data to find more intelligent ways of operating a business is known as

analytics

Stiff fines and penalties are imposed by SOX in an effort to ______.

counteract the incentive to commit fraud

The standards of conduct for judging right from wrong is referred to as

ethics

Companies with strong ethical cultures ______.

have higher productivity than those without such cultures have higher levels of customer satisfaction

When faced with an ethical dilemma ______.

identify the parties that will be affected by the situation identify and evaluate the alternative courses of action

The Sarbanes Oxley Act ______.

includes rules that should help employees make ethical decisions

Which of the following is NOT one of the three common types of analytics?

informative

Nonprofit organizations ______.

must make decisions that use managerial accounting information

The Sarbanes-Oxley (SOX) Act focuses on three factors that affect the accounting reporting environment:

opportunity or opportunities Blank 2: incentives or incentive Blank 3: character

Which of the following is NOT a component of the triple bottom line?

planning

Managers must conduct a review of the company's internal control system and issue a report of their effectiveness. This was enacted as part of SOX in an attempt to ______.

reduce the opportunity for error and fraud

Today most public companies issue corporate Blank 1 of 2 Blank 2 of 2reports that provide sustainability-related information. (Enter only one word per blank.)

social responsibility

Providing managers with a broader set of information to meet the needs of multiple stakeholders, with the goal of ensuring the company's long-term survival in an uncertain and resource-constrained world is the goal of

sustainable

When applied to business, Blank means a company can meet today's needs without sacrificing future generations from meeting their own needs. (Enter only one word per blank.)

sustainable

Which of the following is NOT one of the V's of big data?

validity

The Sarbanes-Oxley (SOX) Act ______.

was primarily aimed at renewing investor confidence has many implications for managers