The Primary Objective of Sarbanes- Oxley Is to Protect Investors

question 52

Multiple Choice

The primary objective of Sarbanes- Oxley is to protect investors by:
I.improving the accuracy of corporate disclosures.
II.loosening the reigns on how information is reported.
III.improving the reliability of corporate disclosures.
IV.holding executive officers liable for the accuracy of corporate financial statements.

• A)I,III,&IV
• B)II only
• C)I,II,& III
• D)I,II,& IV

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Definitions:

Satisfaction

Describes the feeling of fulfillment or pleasure that comes from acquiring or consuming a product or service.

Stock Market Crash

A sudden and significant decline in the stock market prices, leading to a loss of paper wealth and often preceding economic downturns.

Consumption Expenditures

The total amount spent by consumers on goods and services for personal use.

Capital Gains Tax

A tax on the profit made from selling an asset for more than its purchase price, applicable to investments like stocks and real estate.