Under the Sarbanes-Oxley Act,the Establishment of Codes of Conduct by Publicly

question 3

Multiple Choice

Under the Sarbanes-Oxley Act,the establishment of Codes of Conduct by publicly traded companies became:

• A) Largely irrelevant due to the mandates imposed by stock exchanges
• B) Largely irrelevant because the law itself imposed strict rules of conduct on publicly traded companies
• C) Standardized in form and substance, utilizing the uniform rules expressed in the law
• D) Widespread

---

Definitions:

Efficient Economy

An economic system in which resources are allocated in the most productive way, maximizing the output of goods and services.

Federal Reserve Notes

The official currency issued by the Federal Reserve System in the United States, commonly known as dollars.

Fiat Money

Money not redeemable for any commodity; its status as money is conferred initially by government decree but eventually by common experience.

Fiat Money

Currency that has value and is legally recognized for transactions solely because of a government decree, without backing by a physical commodity.