Which of the Following Is True of the Sarbanes-Oxley Act

question 20

Multiple Choice

Which of the following is true of the Sarbanes-Oxley Act?

• A) It was passed in 2000 by Congress to encourage free trade between Canada, Mexico, and the United States.
• B) It was passed in 2002 by Congress to make certain that publicly traded companies follow accounting controls that could reduce the likelihood of illegal behavior.
• C) It was passed in 2006 by Congress to ensure stricter adherence of guidelines in the hiring practices of immigrant workers in the American workforce.
• D) It was passed in 2004 by Congress to encourage foreign direct investments by providing tax subsidies to increase the rate of return for investments.

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Definitions:

National Culture

The set of shared values, beliefs, customs, and practices that characterize a country or nation.

Geert Hofstede

A Dutch social psychologist known for his research on the cultural dimensions of business and management.

International Labor

Involves the labor practices, standards, and workforce dynamics that span across national borders, often influenced by global economic and political relations.

Labor Relations

The study and practice of managing the relationship between employers and their workforce, including the negotiation of labor contracts and resolving disputes.