Which of the Following Is One of the Most Dangerous

question 26

Multiple Choice

Which of the following is one of the most dangerous implications of SOX?

• A) That the CEO and CFO must sign quarterly and annual reports.
• B) That the SEC has the power to influence the senior management of corporations.
• C) That rules set forth in SOX lesson the internal control environment of all corporations.
• D) That the senior management and board of directors can be held liable for subordinates fraudulent actions.

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Definitions:

Unrepresentative Sample

A sample that does not accurately reflect the characteristics of the larger population from which it is drawn, potentially leading to biased results.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together.

Scatterplot

A graph in which the values of two variables are plotted along two axes, the pattern of the resulting points revealing any correlation present.

Close

To complete, finalize, or bring an activity or process to an end, ensuring all requirements have been met.