The ________ Act, Enacted by Congress in 2002, Requires Public

question 76

Multiple Choice

The ________ Act, enacted by Congress in 2002, requires public companies to adopt codes of ethics and establishes criminal penalties for companies that partake in violations.

• A) Glass-Steagall
• B) Sarbanes-Oxley
• C) False Claims
• D) Business Norms

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Definitions:

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor of production, such as labor or capital.

Variable Input

Denotes resources used in production that can be adjusted in the short run, such as labor or raw materials.

Marginal Revenue Product

The extra income earned by utilizing an additional unit of a production resource, while keeping all other resources unchanged.

Variable Input

Resources or inputs in production that change in quantity depending on the level of output, such as raw materials and direct labor hours.