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This Federal Law Enacted in Reaction to a Number of Major

question 64

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This federal law enacted in reaction to a number of major corporation and accounting scandals. The Act established new standards for all U.S. company boards of directors, management, and accounting firms. Identify the federal law in the discussion.


Definitions:

Group Development

A dynamic process involving stages through which groups pass as they evolve, including forming, storming, norming, performing, and adjourning.

Formalizing

Formalizing means making something official or structured, often with documented rules or procedures.

Autocratic Leadership

A style of leadership where a single person has complete control over decision-making, with minimal contribution from other members of the group.

Free-Rein Leadership

Free-Rein Leadership, or laissez-faire leadership, involves leaders offering minimal supervision and allowing subordinates to make most decisions.

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