Which of the Following Is True Regarding the Sarbanes-Oxley Act

question 55

Multiple Choice

Which of the following is true regarding the Sarbanes-Oxley Act?

• A) The Sarbanes-Oxley Act was repealed after the onslaught of corporate scandals in the 2000s.
• B) The Sarbanes-Oxley Act applies only to law firms, requiring that they act ethically.
• C) The Sarbanes-Oxley Act applies only to accounting firms, requiring that they act ethically.
• D) The Sarbanes-Oxley Act requires that public companies disclose whether a code of ethics has been adopted for senior financial officers, including its principal financial officer and principal accounting officer.
• E) The Sarbarnes-Oxley Act applies only to private companies, requiring them to adapt a Code of Ethics.

Comprehend appropriate abbreviation practices for addresses.

Know when and how to use courtesy titles with abbreviations.

Learn the guidelines for using abbreviations in professional and formal settings.

Grasp the standard practices for abbreviation consistency within a document.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.