The Goal of the Sarbanes-Oxley Act Is to Prevent Deceptive

question 15

True/False

The goal of the Sarbanes-Oxley Act is to prevent deceptive accounting and management practices and thus to increase confidence in corporate governance.

---

Definitions:

Elastic Demand

A situation in which the quantity demanded of a product or service changes significantly in response to a change in price.

Large Number

A value that is significantly higher than what is considered average or normal, often used in statistical analysis.

Marginal Revenue Curve

A graphical representation showing the extra revenue obtained from selling one more unit of a good or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping, indicating an inverse relationship between price and quantity demanded.