Which of the Following Statements Is True of the Sarbanes-Oxley

question 50

Multiple Choice

Which of the following statements is true of the Sarbanes-Oxley Act?

• A)It prohibits retaliation against whistleblowers and encourages the act of whistle-blowing itself.
• B)It discouraged the act of corporate whistle-blowing.
• C)It does not protect employees from retaliatory behavior aimed at them.
• D)It does not offer protection to federal employees for the act of whistle-blowing.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.

Reverse Stock Split

A corporate action in which a company reduces the total number of its outstanding shares to increase its share price.

Par Value

The face value of a bond or stock as stated by the issuing company, not necessarily its market value.