The Sarbanes-Oxley Act Addresses Issues of Corporate Governance as Well

question 41

True/False

The Sarbanes-Oxley Act addresses issues of corporate governance as well as the independence of auditors.

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Definitions:

My Lai Massacre

Massacre of 347 Vietnamese civilians in the village of My Lai by Lieutenant William Calley and troops under his command. U.S. army officers covered up the massacre for a year until an investigation uncovered the events. Eventually twenty-five army officers were charged with complicity in the massacre and its cover-up, but only Calley was convicted. He served little time for his crimes.

Nuremberg Trials

A series of military tribunals held after World War II to prosecute prominent leaders of Nazi Germany for war crimes, crimes against humanity, and genocide.

Conservative Agenda

Refers to political goals that emphasize traditional values, limited government, and free market principles.

Welfare State

A term that originated in Britain during World War II to refer to a system of income assistance, health coverage, and social services for all citizens.