Sarbanes-Oxley Is an Example of ________

question 66

Multiple Choice

Sarbanes-Oxley is an example of ________

• A)a government regulation
• B)customer focus
• C)an ethical issue
• D)our social responsibility

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Definitions:

Possession

The state or fact of owning, controlling, or having something in one's custody, legally or otherwise.

Enforceable Security Interest

A legal claim or lien on collateral that can be secured through judicial action if necessary.

Written Security Agreement

A legally binding document that creates a security interest, giving the lender a right to seize collateral if the borrower fails to meet the obligations of the loan.

Collateral

an asset or property that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.