20. Juan collects the mail for XYZ Company. He doesn't read anything. He only signs his name toall the required documents and sends them to the company. What type of beneficial ownershipconcealment does this describe?A. Use of proxiesB. Dilution of sanctioned ownershipC. Restructuring of corporate assetsD. Complex corporate ownership arrangement21. Who is responsible for reviewing sanctions screening alerts within an organization?A. An intemal auditorB. A sancuons compliance officerC. A relationship managerD. A board member22. In case of a confirmed sanctions breach, how soon must all the related activity stop to avoldfuture breaches?A. Within the next 2 hoursB. The activity may continue until the breach is officially confirmed by a regulatorC. Wichin the next 24 hoursD. Immediately

By making complicated and unclear legal ownership arrangements with corporate owners registered in…

Answered: 20. Juan collects the mail for XYZ…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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How can a proxy contest be used to overcome a capturedboard? (Select all of the choices that apply.) A. Proxy contests are simply contested elections for directors. In a proxy contest, there are two competing slates of directors rather than just one slate proposed by the company. B. If a board has become captured or unresponsive to shareholderdemands, shareholders can put their own slate of new directors up for election. C. If the dissident slate wins, then the CEO will have succeeded in placing new directors, presumably not beholden to the CEO, on the board. D. If the dissident slate wins, then shareholders will have succeeded in placing new directors, presumably not beholden to the CEO, on the board. E.If a board has become captured or unresponsive to shareholderdemands, the CEO can put a slate of new directors up for election.
SLO-2.3. Which of the following is an advantage of a sole proprietorship? OThe owner has unlimited liability OThe business ceases to exist when the owner dies OThere is a limit to the amount one person can borrow OProfits are taxed as individual income
2. How might management and internal auditors assess each one of the following? I. The independence and competence of the board of directors II.The competence of accounting personnel III.Whether company employees are adhering to the company’s code of conduct 3. What is monitoring? Identify the two major types of monitoring and explain how they could be used by management. I.Ongoing Evaluation II.Separate Evaluations PLEASE NO PLAGIARISM. I WILL GIVE UPVOTES AND COMMENTS. THANKS!
9. Corporations can pay lower taxes than partnerships. O True O False
The following data was gathered during one of the recent audits of Cash Disbursement Section. One of the findings was on the outdated Delegation of Authority to policy. In preparing a report of the findings, identify the elements of an audit findings for each data (in order). 1. The delegation authority is updated biannually and not when changes in personnel or responsibilities of authorized individuals occur. 2. The delegation of authority policy list three individuals who are no longer with the company. Additionally, four individuals were identified who are new in their positions that should have disbursement authority, but are not listed in the policy. 3. Disbursements may be made that are not in accordance with management's or BOD's direction. 4. Authority over the disbursement of funds should only be delegated to individuals whose responsibility justify such authority. O Cause, Effect, Condition, Criteria O Condition, Effect, Cause, Criteria O Cause, Condition, Effect,…
Y8 Select the true statement about Chapter 11 bankruptcy. a.) Under Chapter 11, a company is permanently dissolved. b.) Under Chapter 11, a company may be able to continue its operations, but with a potentially higher cost of capital. c.) Under Chapter 11, a company can reorganize without officially filing a bankruptcy petition. d.) Under Chapter 11, a company's creditors are paid with the proceeds of the sale of all of the company's assets.
During class Professor Jenkins' discussed ethics in depth. Which of the following bodies of rules apply to accountants in tax practice: O Treasury Circular 230 O AICPA Statements on Standards for Tax Practice ("SSTS") O AICPA Code of Professional Conduct ASC Topic 740 Accounting for Income Taxes O All are applicable standards to accountants in tax practice.
_______ J. R. Imax, a financial investor, wants to control the Simex Company. So far he has been unsuccessful in purchasing enough stock to give him control. To reach his goal, which technique should he use to gather enough stockholder votes to control the company?a. Poison pillb. Liability takeoverc. Mergerd. Acquisitione. Proxy fight
4. As a common shareholder in a firm, which of the following allows you to share proportionally in any new stock sold? a. proxy b. preemptive right c. cumulative voting d. straight voting e. Class B common stock 5. Which of the following is equivalent to the balance sheet identity?" a. Total liabilities minus equity equals total assets b. Total liabilities plus total assets equals equity c. Total assets minus total liabilities equals equity d. Total assets minus long-term debt equals equity e. Total assets plus equity equals total liabilities 6. Long term debt plus stockholders' equity is sometimes called the firm's a. equity multiplier b. financial capacity c. long-term solvency d. total market value. e. total capitalization 7. A firm has current liabilities of $250, a current ratio of 1.2, and a quick ratio of 0.80. Compute the level of inventory for this firm. a. $45 b. $50 c. $100 d. $120 e. $200 H
1. If an individual privy to information about organizational operations uses that information for his or her personal financial benefit, he or she is said to have engaged in: O a. shelf registration. O b. insider trading. O c. proxy solicitation. O d. exempt transactions.
5. A tenancy in severalty means O A. co-ownership. OB. one owner. OC. tenancy in common. ⒸD. several successive owners. Mark for review (Will be highlighted on the review page) Les PreviousOJELU Stor
24. what is an example of controlled business a. Insurance contracts covering an agent's family members b. Insurance contract covering an agent's friends a neighbor c. noncontributory group insurance plans d. self-insured group insurance plans

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