The Sarbanes-Oxley Act of 2002 Sets Strict Rules for Corporate

question 43

True/False

The Sarbanes-Oxley Act of 2002 sets strict rules for corporate behavior and sets heavy fines and prison terms for noncompliance.

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Definitions:

Natural Resources

Materials or substances that occur in nature and can be used for economic gain, such as minerals, forests, water, and fertile land.

High Tariffs

Taxes imposed on imported goods to protect domestic industries from foreign competition by making imported goods more expensive.

Second Industrial Revolution

A period of rapid industrial growth and technological advancement during the late 19th and early 20th centuries, often associated with new innovations in steel production, electricity, and transportation.

Mining

The extraction of valuable minerals or other geological materials from the earth.