Sarbanes-Oxley Requires That Private Companies Evaluate and Disclose the Effectiveness

question 60

True/False

Sarbanes-Oxley requires that private companies evaluate and disclose the effectiveness of their internal financial controls.

---

Definitions:

Individual Productivity

The rate or efficiency at which an individual can complete tasks and achieve goals.

Maslow's Hierarchy

A theory of human motivation proposed by Abraham Maslow, which is often depicted as a pyramid with five levels of needs, from basic physiological needs to self-actualization at the top.

Human Relations Movement

A management approach emphasizing the importance of social dynamics, employee welfare, and the human needs in the workplace for enhancing productivity.

Classical Management Approach

A theory that emphasizes a structured, formal network of relationships among specialized positions in order to accomplish organizational goals.