Which of the Following Statements Is True About the Sarbanes-Oxley

question 72

Multiple Choice

Which of the following statements is true about the Sarbanes-Oxley Act of 2002?

• A)In case of noncompliance,it limits charges to heavy fines; it does not include prison terms for executives.
• B)Organizations spend millions of dollars each year to comply with regulations under the Sarbanes-Oxley Act.
• C)It imposes no criminal penalty for corporate governing and accounting lapses.
• D)Retaliation against whistle-blowers is not included as a violation under the law.
• E)It was passed in response to illegal and unethical behavior by employees toward the management.

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Definitions:

National Centers of Excellence

Institutes designated for special funding and status due to their high-quality research, education, or clinical care in specific areas.

Social Connectedness

The feeling of being close and positively connected to others in a social context, contributing to one's overall sense of belonging and well-being.

Armand V. Feigenbaum

A scholar known for his work in the field of total quality management and the concept of the "Total Quality Control."

Quality

The degree to which a product or service meets or exceeds customer expectations.