The Sarbanes-Oxley Act in 2002 Was Primarily Prompted by Which

question 32

Multiple Choice

The Sarbanes-Oxley Act in 2002 was primarily prompted by which one of the following from the 1990s?

• A)Increased stock market volatility
• B)Corporate accounting and financial fraud
• C)Increased executive compensation
• D)Increased foreign investment in U.S.stock markets
• E)Increased use of tax loopholes

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Definitions:

Operational Efficiency

is the ability of an organization to deliver products or services to its customers in the most cost-effective manner without sacrificing quality.

Point-of-sale Systems

Electronic systems used at retail outlets to complete transactions, manage inventory, and record sales data.

Traffic Congestion

A condition on transport networks that occurs as use increases, characterized by slower speeds, longer trip times, and increased vehicular queueing.

Housing Communities

Groups of homes within a specific area that share common facilities or are governed by shared rules and regulations, often managed by a homeowners' association.