26.Which of the following are advantages of family owned businesses?

Select one:

a. Extended horizons

b. Firm loyalty

c. All of the above

d. Concerns over reputation

27.Which of the following is the most likely to uncover a fraud?

Select one:

a. Financial parties

b. Legal and regulatory agents

c. Employees, non-financial market regulators and the media

d. Audit committee

28.Which of the following is true about risk management?

Select one:

a. The goal of risk management is to achieve zero risk

b. Determination of risk tolerance is solely management's responsibilities

c. None of the above

d. Risk management should be an isolated function within a company to achieve better management and higher efficiency

29.The Internal Revenue Code limits the tax deductibility of executive compensation greater than __________, unless such compensation is performance driven.

Select one:

a. $1 million

b. $2 million

c. $5 million

d. $10 million

30.The ability of management to shield itself from market forces and pressures to perform from the Board, Stakeholders and Shareholders, is known as

Select one:

a. Management effectiveness

b. Management turnaround

c. Management entrenchment

d. Management performance