Which of the Following Is True of the "Comply or Explain

question 13

Multiple Choice

Which of the following is true of the "comply or explain" approach to corporate governance?

• A) It set stiff financial penalties for companies that refused to abide by its operational standards.
• B) It gave companies the flexibility to comply with its governance standards or justify why they didn't in their corporate documents.
• C) It was extremely explicit when it came to defining what would be acceptable explanations for noncompliance.
• D) It proved to be an effective deterrent to financial scandals and reduced the incidence of unethical behavior in corporations.

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Definitions:

Uvula

A small fleshy extension at the back of the soft palate which hangs above the throat and plays a role in speech and swallowing.

Upper Esophageal Sphincter

The muscular ring located at the top of the esophagus that controls the passage of food into the esophagus from the throat.

Pharyngeal Phase

A phase in the swallowing process where the bolus is moved from the mouth to the esophagus involving the contraction of pharyngeal muscles.

Esophageal Phase

A phase of swallowing during which the bolus moves from the esophagus into the stomach, involving coordinated muscular contractions.