$1.$Which of the following statements is not true regarding the Sarbanes$-$Oxley Act

$($SOX$)?$

a$.$ The Act calls for increased oversight responsibilities for boards of directors.

b$.$ The Act has resulted in increased penalties for financial fraud by top management.

c$.$ The Act calls for decreased independence of outside auditors reviewing corporate

financial statements.

d$.$ The goal of the Act is to decrease the likelihood of unethical corporate behavior.

$2.$ Which of the following is not a step for solving an ethical dilemma?

a$.$ Identify the alternatives and weigh the impact of each alternative on various

stakeholders.

b$.$ Certify the ethical accuracy of the financial information.

c$.$ Identify and analyze the principal elements in the situation.

d$.$ Recognize the ethical situation and issues involved.

$3.$ Prescriptive analytics can be used to answer the question

a$.$ "What is likely to happen?".

b$.$ "Why did it happen?".

c$.$ "What should we do about it$?".$

d$.$ "What happened?".

$4.$ Diagnostic analytics can be used to answer the question

a$.$ "What is likely to happen?".

b$.$ "Why did it happen?".

c$.$ "What should we do about it$?".$

d$.$ "What happened?".

$5.$ The receipt of cash in advance from a customer

a$.$ increases assets and stockholders' equity.

b$.$ increases assets and decreases stockholders' equity.

c$.$ increases assets and liabilities.

d$.$ None of these answer choices are correct.

$6.$When Samsung performs a service but has not yet received payment, it

a$.$ debits Service Revenue and credits Accounts Receivable.

b$.$ debits Accounts Receivable and credits Service Revenue.

c$.$ debits Service Revenue and credits Accounts Payable.

d$.$ makes no entry until cash is received.