The Sarbanes-Oxley Act of 2002 Was Passed in Response to Scandals

question 74

True/False

The Sarbanes-Oxley Act of 2002 was passed in response to scandals in the investment banking industry.

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Definitions:

Reduce Expenses

A financial strategy aimed at decreasing costs to increase profitability.

Stabilize Supply

Actions or strategies implemented to ensure a consistent and reliable supply of goods, preventing shortages or excessive inventory.

Interest Revenue

Income that is earned from investments in interest-bearing accounts like savings accounts, bonds, or loans.

Cash

Money in the form of coins or banknotes, especially that issued by a government to be used in the exchange of goods and services.