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In Response to Accounting Scandals in 2002, the Federal Government

question 155

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In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a certain level of expertise with financial information and mandating that chief executive officers personally certify the accuracy of financial statements. What is the name of this legislation?


Definitions:

Secondary Deviation

The stage in which an individual comes to accept the label of "deviant" and takes on a deviant identity as a result of societal reactions.

Symbolic Interactionist

A practitioner or adherent of Symbolic Interactionism, emphasizing the study of how people negotiate the meaning of social life during interactions.

Sociological Research

the study of social behaviors, institutions, and functions using various methods of empirical investigation and critical analysis to improve understanding of social structures and processes.

Labeling Theory

The theory that society creates deviance by identifying and labeling certain actions or behaviors as deviant.

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