106.Under the terms of the Sarbanes-Oxley Act, a company and its external auditor are required to report on the effectiveness of the company's system of internal controls. True False ...

106.Under the terms of the Sarbanes-Oxley Act, a company and its external auditor are required to report on the effectiveness of the company's system of internal controls.



True False

107.According to the Sarbanes-Oxley Act, a company's audit committee is responsible for its system of internal controls.



True False

108.The Sarbanes-Oxley Act allows, but does not require, a corporation to establish a whistleblower policy.



True False

109.The philosophy of encouraging workers to achieve zero defects and high customer satisfaction is known as total quality management.



True False

110.The sequence of activities through which an organization provides products to its customers is called a supply chain.



True False

111.The time spent moving a product from one processing department to the next processing department is an example of a value-added activity.



True False