Under Sarbanes-Oxley,which of the Following Is True

question 97

Multiple Choice

Under Sarbanes-Oxley,which of the following is true?

• A)Companies must have a separate code of ethics for financial reporting.
• B)Boards of directors are not subject to the act's provisions.
• C)The act does not cover publicly traded companies.
• D)both b and c

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Definitions:

Displaced Workers

Individuals who have been forced to leave their jobs due to external factors, such as economic downturns or technological changes.

Severance Pay

Severance Pay is a compensation paid to employees upon their termination of employment, typically based on the length of employment and intended to ease the transition out of the company.

Outplacement

Providing a program of counseling and job search assistance for workers who have been terminated.

Terminated Workers

Individuals who have had their employment contract ended by the employer, often due to redundancy, non-compliance, or organizational restructuring.