Which of the Following Acts Sets Strict Rules for Businesses,especially

question 85

Multiple Choice

Which of the following acts sets strict rules for businesses,especially for accounting practices that require more open and consistent disclosure of financial data and CEOs' assurance that the data is completely accurate?

• A)Gramm-Leach-Bliley Act
• B)Glass-Steagall Act
• C)Sarbanes-Oxley Act
• D)Dodd-Frank Act
• E)McCarran-Ferguson Act

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Definitions:

Libertarianism

The political philosophy according to which the government should punish crimes and enforce voluntary agreements but not redistribute income.

Income Redistribution

The reallocation of income across a society through taxation, monetary policies, and welfare systems.

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.

Incentives

Rewards or penalties that influence the motivation and behaviors of individuals and organizations towards certain actions.