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

question 61

Multiple Choice

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

• A)It includes requirements for certification of documents by officers.
• B)It focuses mainly on the tone or culture of a firm.
• C)It does not require lawyers to report concerns of wrongdoing if not addressed.
• D)It does not require codes of ethics for senior financial officers.

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Definitions:

Gini Coefficient

A statistical measure of income or wealth distribution within a nation, indicating inequality.

Quantitative Easing

A monetary policy where a central bank buys securities in the open market to increase the money supply and encourage lending and investment.

Reserve Requirement

A regulation set by central banks that determines the minimum amount of reserves that banks must hold against deposits.

Gross National Income

The total domestic and foreign output claimed by residents of a country, consisting of GDP plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents.