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:

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.

Motivation

The intrinsic or extrinsic factors that stimulate desire and energy in people to be continually interested in and committed to a job, role, or subject, or to make an effort to attain a goal.

Exploitative Innovation

Innovation focused on refining existing products, services, or processes to enhance efficiency and effectiveness.

Decision-making Model

A conceptual framework that outlines the process of making a decision, guiding an individual or group through identifying a problem, generating alternatives, and selecting an option.