Which of the Following Is an Accurate Statement Regarding a Public

question 92

Multiple Choice

Which of the following is an accurate statement regarding a public company's code of ethics?

• A) A code of ethics is required under The Foreign Corrupt Practices Act.
• B) A code of ethics is required only for mid-level managers and below.
• C) The SEC requires companies to disclose amendments and waivers to the code of ethics for the CEO, CFO and principal accounting officer.
• D) The PCAOB requires companies to review their code of ethics every five years.

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Definitions:

Bony Fishes

Fish that have skeletons primarily made of bone, as opposed to cartilaginous fishes, which have skeletons made of cartilage.

Keel Of The Sternum

The central ridge or projection on the sternum (breastbone) that resembles the keel of a boat, more prominent in some animals like birds for attachment of flight muscles.

Hollow

Having a space or cavity inside; not solid.

Flight Muscles

The muscles that power the wings in flying animals, enabling flight.