The Sarbanes-Oxley Act Marked an Important Advance for Several Reasons

question 32

Multiple Choice

The Sarbanes-Oxley Act marked an important advance for several reasons one of which is that it

• A) makes it easier to fire whistle blowers.
• B) reduces the law's protection of employees who disclose securities fraud.
• C) makes it illegal for executives to retaliate against employees who report possible violations of federal law.
• D) provides penalties for blowing the whistle illegitimately or maliciously.

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Definitions:

Statistical Probability

A measure of the likelihood of a specific event or outcome occurring, based on quantitative data and mathematical calculations.

Predictive Accuracy

The ability of a model or method to correctly forecast the outcome of unknown data points or future events.

Coin Tosses

A simple random experiment involving the flipping of a coin to decide between two possibilities, often used to demonstrate basic probability or make unbiased decisions.

Group Identity

A person's sense of belonging to a particular group, including the adoption of the group's attitudes, values, and behaviors, which contributes to the social cohesion and individual identity.