Question
Replacement value, market value and multiples are examples of other valuation methods Question 13 options: TrueFalse The most common valuation method for businesses is DCF,
Replacement value, market value and multiples are examples of other valuation methods
Question 13 options:
TrueFalse
The most common valuation method for businesses is DCF, discounted cash flow.
Question 14 options:
TrueFalse
Agency theory provides a simplified view of the corporation, and as a result, this view is problematic; and, a robust view of the corporation, which is more inclusive of all stakeholders.
Question 15 options:
TrueFalse
For managerial accountants, the allocation of funds, counting of revenue streams, and tracking of projects happens on a quarterly basis only.
Question 16 options:
TrueFalse
The tax and auditing services provided by public accountants ensure that organizations abide by IRS, SEC, and FASB rules.
Question 17 options:
TrueFalse
Accountants focus only on internal stakeholders.
Question 18 options:
TrueFalse
In the text, the authors count finance as a group.
Question 19 options:
TrueFalse
The Sarbanes-Oxley Act of 2002 created the Public Company Accounting Oversight Board, whose purpose is to set auditing, quality control, and ethical standard; as well as, inspect accounting firms' audit operations & investigate an impose sanctions for violations.
Question 20 options:
TrueFalse
According to the Sarbanes-Oxley Act, public companies need to adopt a corporate code of ethics for middle managers.
Question 21 options:
TrueFalse
Due to the complexity of valuation, there is no way for a manager to use finance as a method to figure out valuation from an ethical perspective.
Question 22 options:
TrueFalse
When it comes to mergers valuation is the only method used by organizations to assess proper fit between two organizations.
Question 23 options:
TrueFalse
According to the authors of the text, for private accountants to avoid ethical lapses they should use decision guidelines.
Question 24 options:
TrueFalse
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