The Sarbanes-Oxley Act of 2002 Requires That

question 42

Multiple Choice

The Sarbanes-Oxley Act of 2002 requires that:

• A)Executives of publicly-traded companies take responsibility for the accuracy of financial reports.
• B)Publicly-traded companies release financial statements on a quarterly basis.
• C)Publicly-traded companies notify stockholders if there is any turnover in executive positions.
• D)Publicly-traded companies provide a dividend to stockholders at least every other year.

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Definitions:

Utility-maximizing

A principle in economics where consumers aim to get the greatest satisfaction from their spending, given their budget constraint.

Goods

Tangible items that are produced and are capable of being physically delivered to a consumer.

Px(MUx)

This expression denotes the price of a good (Px) multiplied by its marginal utility (MUx), commonly used in economic analysis of consumer choice.

MUx/MUy

Represents the marginal utility of good x relative to the marginal utility of good y, often used in consumer choice theory to analyze optimum consumption points.