In Addition to Expanding the Role of Board Members, the Sarbanes-Oxley

question 33

Multiple Choice

In addition to expanding the role of board members, the Sarbanes-Oxley Act of 2002 also called for more disclosure and transparency of

• A) the corporate vision.
• B) the corporate mission.
• C) financial information.
• D) the balanced scorecard.
• E) All of the answer choices are correct.

Evaluate economic decisions using the concept of true value and economic perspectives.

Interpret the law of comparative advantage and its implications for trade.

Explain how specialization and exchange can lead to increased economic efficiency.

Analyze how the distribution of income and the concept of fairness play a role in economic discussions.

---

Definitions:

Patent Protection

A legal right granted by the government to an inventor granting them exclusive rights to use, sell, and manufacture an invention for a certain period of time.

Going Local

Refers to the preference for local products, services, and experiences over those that are global or imported.

Innovator's Imperative

The necessity for innovators to continually seek out and implement new ideas, solutions, or technologies to stay competitive and relevant.

New Knowledge

Information or insights that have been recently discovered or understood, contributing to the body of understanding in a field.