Cell Service Corporation Pads All of Its Customers' Bills with an Unexpected

question 8

Multiple Choice

Cell Service Corporation pads all of its customers' bills with an unexpected fee, adding up to millions in profit for Cell at a small expense for each individual customer. In this situation, the customers could most affordably fight this charge by​

• A) ​bringing individual lawsuits.
• B) ​engaging in individual arbitration.
• C) ​filing a class action.
• D) ​taking their case to the state legislature.

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Definitions:

Financial Statements

Formal records of the financial activities and position of a business, person, or entity, presenting the financial performance over a specific period.

Sarbanes-Oxley Act

A United States federal law that set new or enhanced standards for all U.S. public company boards, management, and public accounting firms.

Auditing Function

The process of examining and verifying a company's financial statements and records to ensure accuracy and compliance with accounting standards.

Employee Pension Plan

A retirement savings program sponsored by an employer which provides income to employees after they retire.