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

question 32

Multiple Choice

Which of the following is true of the "comply or else" 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 standards or explain why they didn't in their corporate documents.
• C) It was extremely vague when it came to defining what would be an acceptable explanation for noncompliance.
• D) It was not incorporated into the Sarbanes-Oxley Act of 2002-which governs ethical behavior in corporations.

---

Definitions:

Column

A vertical arrangement of data in a table or spreadsheet, typically containing all information pertinent to a single field within the database or sheet.

Cell

The basic storage unit in a spreadsheet or table, typically defined by the intersection of a row and column.

Snap Feature

A functionality in software that automatically aligns objects or text to a grid or guide to ensure precise positioning.

Default Position

The original or automatic setting or location determined by a system or application, used unless changed by the user.