The Sarbanes-Oxley Act of 2002 Represented

question 3

Multiple Choice

The Sarbanes-Oxley Act of 2002 represented

• A) deregulation of the financial services industry.
• B) increased oversight over corporate financial reporting.
• C) telecommunications deregulation.
• D) a proposed national ban on cellular phone use while operating a motor vehicle.

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Definitions:

Nonconforming Goods

Goods shipped that do not meet the specifications or requirements set out in the contract of sale.

Reasonable Notice

The notification given within a reasonable time frame to allow individuals or parties to prepare or respond to changes or actions.

Monetary Damages

Monetary damages refer to a financial compensation awarded by a court to indemnify harm or loss suffered by an individual or entity.

Express Warranty

A written or verbal promise made by a seller to a buyer regarding the quality, condition, or performance of a product.