Section 404 of the Sarbanes-Oxley Act Includes Which of the Following

question 46

Multiple Choice

Section 404 of the Sarbanes-Oxley Act includes which of the following?

• A)A requirement that management of a publicly traded company issues an assessment of internal control that covers the entire year.
• B)Specific guidance on what constitutes adequate internal control.
• C)A requirement that management of a publicly traded company accepts responsibility for establishing and maintaining adequate internal controls.
• D)A requirement that management of a publicly traded company issues an assessment regarding the efficiency of internal control for the year.

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Definitions:

Price of Substitutes

The cost of alternative goods or services that consumers can purchase instead of the original item, influencing consumer choices and demand.

Supply Curve

represents the relationship between the price of a good or service and the quantity of it that suppliers are willing to produce and sell at that price.

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a given price within a specific time period.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price.