A Recent Survey of Multinational Corporations Found That the Sarbanes-Oxley

question 8

Multiple Choice

A recent survey of multinational corporations found that the Sarbanes-Oxley Act had the effect of increasing the percentage of U.S.companies with a financial expert on the audit committee from 65% to:

• A)67%
• B)70%
• C)75%
• D)95%

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Definitions:

Management By Exception

A leadership style where the manager intervenes to correct problems or meet standards only when deviations from expected performance occur.

Transactional Leadership

A leadership style that focuses on the exchanges between leaders and followers, where followers are rewarded for meeting specific goals or performance criteria.

Transformational Leadership

A style of leadership where the leader works with teams or followers to identify needed change, creating a vision to guide the change through inspiration and executing the change in tandem with committed members of the group.

Contingent Reward

A leadership approach where rewards are given based on the performance and achievement of specific criteria or goals by the followers.