Which of the Following Is True of the Dodd-Frank Act

question 52

Multiple Choice

Which of the following is true of the Dodd-Frank Act passed by the U.S.Congress in 2010?

• A)It is an act that rewards organizations that follow high standards of business ethics.
• B)It punishes business organizations that are found to be involved in unethical practices.
• C)It protects the rights of foreign businesses operating in the United States.
• D)It provides monetary rewards to those organizations that take action against employees involved in professional misconduct.
• E)It encourages whistleblowers to provide information about corporate misconduct through monetary rewards.

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Definitions:

Professional Lobbyists

Individuals or groups hired to influence legislators and government officials on behalf of specific interests or organizations, often to shape public policy or legislation.

Lobbying Disclosure Act

U.S. legislation that requires disclosure of lobbying activities and expenditures to foster transparency in government lobbying efforts.

Federal Level

Pertains to the national level of government as opposed to state or local levels, dealing with national policies and governance.

Legislator

An elected official who is involved in the process of making or enacting laws.