Which of the Following Is True About the Sarbanes-Oxley Act

question 13

Multiple Choice

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

• A)It specifically asked for lenient penalties in sentencing recommendations.
• B)It required public companies to establish a code of conduct for top executives and, if they did not have one, to explain why it did not exist.
• C)Its mandatory nature violated the Sixth Amendment right to a jury trial.
• D)It did not support the United States Sentencing Commission's guidelines to create both a legal and an ethical corporate environment.

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Definitions:

Reveal Information

The act of making previously unknown or secret information known to others.

Common Value Auctions

Auctions in which the item for sale has a single, unknown value to all bidders, leading to challenges in valuing the item correctly.

True Value

The accurate or genuine worth of an item or entity, reflecting its utility, market conditions, and inherent qualities.

Bidders

Individuals or entities that offer a price for goods, services, or assets in an auction or tender process, competing to make the purchase.