External auditors must report directly to the audit committee of the board of directors.

The principle executive officer must disclose all significant internal control deficiencies.

The chairman of the board of directors cannot also serve as the chief executive officer.

One member of the audit committee of the board of directors must be a financial expert.

 True

 False

Marginal revenue = Average total cost.

Marginal revenue = Total cost.

Marginal revenue = Marginal cost.

Average revenue = Average total cost.

Documentation of the system.

An assessment of the system.

An understanding of the flow of transactions through the system.

A baseline understanding of the system.

 True

 False

Visibly participate in a global information security campaign.

Refer to the organization's U.S. human resources policies on privacy in a company newsletter.

Review and accept the information security risk assessments in a staff meeting.

Allocate additional budget resources for external audit services.

The nature of the good or service provided by the market.

Whether the market provides goods or; alternatively; services.

The extent of competition in the market.

The size of the market.

a corrective control.

a feedback control.

a preventive control.

a detective control.

Accept the opportunity on behalf of himself if there is no conflict of interest.

Reject the opportunity for both himself and Riley Corporation.

Accept the opportunity on behalf of Riley Corporation.

Bring the opportunity to Riley Corporation.

The regular weekday and weekend demand is elastic.

The regular weekday demand is inelastic; and weekend demand is elastic.

The regular weekday and weekend demand is inelastic.

The senior citizen demand is elastic; and weekend demand is inelastic.

Demonstrating appropriate behavior by example.

Removing pressures to meet unrealistic targets; particularly for short‐term results.

Specifying the competence levels for every job in an organization and translating those levels to requisite knowledge and skills.

Strengthening internal audit's ability to deter and report improper behavior.

 True

 False

 True

 False

 True

 False

Foreign trade deficit.

Repatriation restrictions.

American depository receipts.

Default risk premium.