Identify the Bill That Was Passed in April 2009 to Amend

question 2

Multiple Choice

Identify the bill that was passed in April 2009 to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards.

• A)The Gramm-Rudman-Hollings Performance and Results Act
• B)The Employee Pay Comparability Act
• C)The Grayson-Himes Pay for Performance Act
• D)The Statutory Pay-As-You-Go Act

---

Definitions:

Factoring Transaction

A financial transaction where a business sells its accounts receivable to a third party at a discount to obtain immediate cash.

Risks And Rewards

The potential positive or negative outcomes of business activities or investments, considering the chance of gain or loss.

Loss Of Control

Refers to a situation where an entity or individual no longer has the ability to govern or manage the operations or decisions of a company or asset.

Financial Statements

Financial statements are written records that convey the business activities and the financial performance of a company, including the balance sheet, income statement, and cash flow statement.