The Sarbanes-Oxley Act Requires That Publicly Traded Companies

question 14

Multiple Choice

The Sarbanes-Oxley Act requires that publicly traded companies:

• A) Adopt formal policies that prohibit them from granting employees exemptions from company "conflict of interest" rules
• B) Decide "conflict of interest" issues based on an employee's individual facts and circumstances, rather than based on arbitrary guidelines
• C) Disclose decisions concerning employee "conflict of interest" waiver requests on the company's website or in some other widely accessible format
• D) Disclose to the SEC the rationale for any decisions that waive the application of their "conflict of interest" in a particular situation

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Definitions:

Sedimentary Rocks

Rocks formed by the accumulation and consolidation of sediment, often in layers, under pressure over time.

Landslides

Rapid movements of rock and soil down a slope due to gravity.

Groundwater

Water that occupies the pore spaces and fractures in soil, sand, and rock, located beneath the Earth’s surface.

Uranium

A heavy radioactive metallic element used as fuel in nuclear reactors and as a component in nuclear weapons.