Which of the Following Is a Set of Regulations Passed

question 97

Multiple Choice

Which of the following is a set of regulations passed by Congress in 2002 in an attempt to improve financial reporting and restore investor confidence?

• A)Enron Act
• B)Federal Accounting Standards Board Act
• C)Sarbanes-Oxley Act
• D)Securities and Exchange Act

---

Definitions:

Break Even

The point at which total revenue equals total costs, making a business neither profitable nor unprofitable at this juncture.

Cost Curves

Graphical representations of the costs associated with producing different levels of output, aiding in economic and business decision-making.

Profit Or Loss

The financial result of a business's operations, calculated as total revenues minus total expenses.

Cost Curves

Graphical representations that show how the cost of producing a good or service varies with the quantity produced.