Which of the Following Is a Provision of the Sarbanes-Oxley

question 37

Multiple Choice

Which of the following is a provision of the Sarbanes-Oxley Act of 2002?

• A) It imposed a maximum of 15 years of imprisonment as punishment for the destruction of documents.
• B) It decreased the maximum term of imprisonment for mail fraud and wire fraud to 15 years.
• C) It provided legal protection for corporate employees who act as whistleblowers.
• D) It shortened the statute of limitations period within which certain securities fraud cases may be filed.

Comprehend the scope of operations management activities including planning, organizing, leading, and controlling.

Understand the principle of hidden production functions in various sectors.

Understand the concept of sustainable growth rate and its calculation.

Calculate and interpret the capacity utilization and the implications for firm growth.

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Definitions:

Finished Goods Inventory

The stock of completed products ready for sale at the end of an accounting period.

Raw Materials

Raw materials are the basic materials from which products are manufactured or made, often used in the initial stages of the production process.

Factory Overhead

Every manufacturing-related expense, apart from direct labor and materials.

Debit Balance

A situation in accounting where the sum of debits exceeds the sum of credits, often indicating expenses or assets.