To Encourage More Candid Disclosure of Wrongdoing in Federal Agencies

question 39

Multiple Choice

To encourage more candid disclosure of wrongdoing in federal agencies, Congress passed the __________ in 1989.

• A) Securities and Exchange Commission
• B) Whistleblower Protection Act
• C) Administrative Relief Act
• D) Pendleton Act
• E) Public Disclosure Act

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Definitions:

Balance Sheet

A record that consolidates information about a company's assets, financial obligations, and the equity portion attributable to shareholders at a distinct time.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period of time, resulting in net profit or loss.

Proprietorship

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.

Owner's Equity Statement

A financial document that details changes in the equity of a business's owner(s) over a period of time.