Which of the Following Was Passed by Congress in Response

question 146

Multiple Choice

Which of the following was passed by Congress in response to financial statement frauds that occurred in the early 2000s?

• A)Federal Accounting Standards Board Act
• B)Securities and Exchange Act
• C)Sarbanes-Oxley Act
• D)Clayton Act

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Definitions:

Council of Economic Advisers

A group of economists appointed by the President of the United States to provide objective economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues.

Executive Office

The Executive Office of the President is comprised of the immediate staff of the President, as well as multiple levels of support staff who report directly to the President and are responsible for a wide range of tasks and coordination of national policies.

Constitutional Task

A duty or responsibility that is outlined or mandated by a constitution.

Vice President

The second-highest executive officer in a governmental administration, who acts as deputy to the president, with duties and responsibilities that can vary widely depending on the administration.