The Sarbanes-Oxley Act Requires Senior Executives of Companies to

question 2

Multiple Choice

The Sarbanes-Oxley Act requires senior executives of companies to

• A) Ensure the confidentiality and privacy of financial information
• B) Provide a code of ethics for employees
• C) Ensure all financial statements are audited
• D) Provide full and fair disclosure of all financial agreements
• E) Certify the effectiveness of internal controls against fraud

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Definitions:

Fall in the Price

A decrease in the market price of a good or service over a specific period of time.

Number of Sellers

The total count of individual or entities offering a particular good or service in a market.

Future Price Increases

Future price increases refer to anticipated rises in the price level of goods or services over a certain period, often due to factors like inflation, cost increases, or higher demand.

Technology of Production

The methods and processes used in the production of goods and services, which can influence efficiency and output levels.