Under Sarbanes Oxley What Is True

question 11

Multiple Choice

Under Sarbanes Oxley what is true?

• A) If a company restates its earnings the executive must reimburse its company for any profit they made based on those misstated earnings.
• B) a company may not restate its earnings.
• C) Executives may retain their bonus even if the earnings of the corporation are restated.
• D) None of the above are correct.

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Definitions:

T Test

A statistical test used to compare the means of two groups to determine if they are significantly different from each other.

Mann-Whitney U Test

is a non-parametric statistical test used to compare differences between two independent groups when the dependent variable is ordinal or continuous but not normally distributed.

Chi-Square Test

A statistical test used to determine the significance of an observed association between categorical variables.

R Test

A statistical test used within the R programming environment to determine the significance of data sets or to compare models.