Which of the Following Federal Acts Required the SEC to Develop

question 8

Multiple Choice

Which of the following Federal Acts required the SEC to develop guidelines for all publicly traded companies to report on management's responsibilities for, and assessment of, the internal control system?

• A) Securities Act of 1933,
• B) The Securities Exchange Act of 1934
• C) The Foreign Corrupt Practices Act of 1977
• D) The Sarbanes-Oxley Act of 2002

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Definitions:

Consumption Taxes

Taxes imposed on the expenditure on goods and services, such as sales tax or value-added tax (VAT).

European Countries

Nations located in the European continent, each with its sovereignty, culture, and economic policies.

Marginal Tax Rate

The rate at which the last dollar of a taxpayer's income is taxed, indicating the impact of the next dollar earned on their tax burden.

Proportional

Referring to a relationship where changes in one item directly mirror changes in another, often expressed as a constant ratio.