Multiple choice

1. What prompted Congress to enact the Sarbanes-Oxley Act in 2002? 

A. Stockholders petitioned for increased access to financial records.

B. A series of improper financial disclosures were found during investigations.

C. Major companies requested government regulation following negative publicity. 

D. Congress wanted to make accounting practices more efficient. 

2. Mario is part of a strategic planning team. He has identified that his company is the low-cost producer in its industry. This should be listed on a SWOT analysis as a/an 

A. opportunity. 

B. weaknesses. 

C. threat. 

D. strength. 

3. Omar, an electrician for Quality Builders, is paid $35 for each hour he works during the day. After 5 p.m. and on weekends, he is paid the overtime rate of one and one-half times the regular hourly rate. Omar is paid a 

A. bonus. 

B. salary. 

C. commission. 

D. wage. 

4. Efficiency means producing _______ using the least amount of 

A. goods; resources. 

B. human resources; time. 

C. capital; natural items. 

D. entrepreneurship; people.