Which Act Protects Investors by Improving the Accuracy and Reliability

question 8

Multiple Choice

Which act protects investors by improving the accuracy and reliability of corporate disclosures?

• A)Sarbanes-Oxley Act
• B)Identity Theft and Assumption Deterrence Act
• C)CAN-Spam Act
• D)None of these

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Definitions:

Bankruptcy Trustee

A person appointed by the court to manage the affairs, property, and assets of a bankrupt individual or business.

Bankruptcy Trustee

An individual appointed in a bankruptcy case to manage the debtor's estate, including the liquidation of assets to repay creditors.

Debtor's Estate

The total sum of a debtor's legal and equitable interests, assets, and liabilities at a specific time, often in the context of bankruptcy.

Maximum Profit

The highest possible financial gain that a business can achieve during a specific period, given its resources, market conditions, and operational constraints.