Which of the Following Is Not a Key Element of the Sarbanes

question 6

Multiple Choice

Which of the following is not a key element of the Sarbanes Oxley Act to improve corporate governance?

• A)The establishment of the Public Company Accounting Oversight Board
• B)Requiring a company's annual report to contain an internal control report that includes management's opinion on the effectiveness of internal control
• C)Severe criminal penalties for retaliation against "whistleblowers"
• D)Requiring that the company's performance reports are prepared in accordance with generally accepted accounting principles

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Definitions:

Deadweight Loss

A reduction in economic effectiveness that happens when it's impossible to reach or the equilibrium result is not attained.

Demand Curve

A graph showing the relationship between the price of a good and the amount of that good consumers are willing to buy.

Tax

A binding monetary impost or other form of levy exacted upon a taxpayer by a governmental unit to finance the operation of the government and various public services expenses.

Sellers Receive

The amount of money that sellers are paid for their goods or services, after accounting for costs and expenses.