The Sarbanes-Oxley Act Was Enacted to Reduce the Number of Unethical

question 57

True/False

The Sarbanes-Oxley Act was enacted to reduce the number of unethical business decisions by requiring the accountability of publicly traded companies.

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Definitions:

Compensation

The payment or benefit given to someone in exchange for services or as a recompense for losses.

Obligations

Duties or commitments that one is bound to fulfill legally or morally.

Cash Conversion Cycle

An indicator that calculates the duration required for a business to transform its inventory investments and additional resources into cash flows resulting from sales.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.