Which of the Following Statements Is True of a Public

question 129

Multiple Choice

Which of the following statements is true of a public company's financial statements?

• A)Sarbanes-Oxley requires the CEO only to certify the financial statements.
• B)Sarbanes-Oxley requires the CFO only to certify the financial statements.
• C)Sarbanes-Oxley requires the CEO and CFO to certify the financial statements.
• D)Sarbanes-Oxley requires neither the CEO nor the CFO to certify the financial statements.

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Definitions:

Monte Carlo Simulation

A computational technique that uses random sampling to obtain numerical results, often used for risk assessment or to solve physical and mathematical problems.

Cumulative Probability Distribution

A function that gives the probability that a random variable is less than or equal to a certain value.

Monte Carlo Analysis

A statistical technique that uses random sampling and simulation to estimate the probability of different outcomes in a process or decision-making.

Random Number Range

The interval within which random numbers can be generated, used in simulations and probabilistic models to represent unpredictable variables.