Which Law Requires Companies to Implement Extensive and Detailed Policies

question 44

Multiple Choice

Which law requires companies to implement extensive and detailed policies to prevent illegal activity within the company and respond in a timely manner to investigate illegal activity?

• A)The National Origins Act
• B)The Glass-Steagall Act
• C)The Sarbanes-Oxley Act
• D)The Johnson-Reed Act

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Definitions:

Fixed Costs

Expenses that do not change in proportion to the level of production or sales, such as rent, salaries, and equipment leases.

Variable Costs

Costs that vary directly with the level of production or output.

Cost-Volume Analysis

A managerial accounting technique used to analyze how various levels of sales and production will affect profit.

Low-Cost Choice

An option that requires minimal financial outlay compared to other alternatives.