Which Legislation Led to the Establishment of the Public Company

question 21

Multiple Choice

Which legislation led to the establishment of the Public Company Accounting Oversight Board?

• A) Private Securities Litigation Reform Act
• B) Sarbanes-Oxley Act
• C) Gramm-Leach-Bliley Act
• D) Glass-Steagall Act

Assess the impact of exporting and licensing on a company's international expansion efforts.

Distinguish between different internationalization entry tactics including "make," "buy," "ally," and others.

Recognize the role of contractual relationships and alliances in international business.

Explain the disadvantages associated with specific entry modes, such as joint ventures and exporting.

---

Definitions:

Partially Secured Liability

A debt or obligation that is backed by collateral to a degree, but not fully covered by assets of equal or greater value.

Debt Payments

Debt payments are the regular payments made to reduce the amounts borrowed, including both principal and interest components.

Troubled Business

A company experiencing operational or financial difficulties, potentially leading to bankruptcy or restructuring.

Financial Statements

Compiled accounting documents showing the financial position, performance, and cash flows of a company, providing an overview of its financial health and operations.