What Is a Key Provision Regarding CEOs in the Sarbanes-Oxley

question 25

Multiple Choice

What is a key provision regarding CEOs in the Sarbanes-Oxley Act of 2002?

• A) CEOs cannot hold options in the firms they direct.
• B) CEOs total compensation cannot exceed a limit set by the SEC.
• C) CEOs are personally liable for any mistakes on company financial filings.
• D) CEOs are prohibited from commenting on company filings to the SEC.

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Definitions:

Summative Evaluations

The assessment of the learning that confirms what has been learned at the conclusion of a specific educational period.

Program Evaluation

The systematic method for collecting, analyzing, and using information to answer questions about projects, policies, and programs, particularly about their effectiveness and efficiency.

Types

Various kinds, sorts, or forms that distinguish one set of things or behaviors from another.

Quantitative Evaluation

A method of assessment focusing on numerical measurement and statistical analysis to understand and interpret phenomena.