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

question 52

Multiple Choice

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

• A) It permits a person to knowingly alter documents to influence a federal investigation.
• B) It allows public companies to make personal loans to their directors.
• C) It requires the submission of CEO and CFO certification with the company's annual report.
• D) It entitles an officer to continue in his or her post even after being guilty for securities fraud.

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Definitions:

Real Earnings

Earnings adjusted for inflation, depicting the real purchasing power of income.

Automated Production

involves the use of control systems and machinery to handle tasks in manufacturing with minimal human intervention.

Per-Unit Costs

The cost incurred to produce, manufacture, or acquire a single unit of a product or service.

Decrease

A reduction in size, quantity, or importance of something.