If a Publicly Traded Corporation Misstated Its Accounting Filings to the SEC,the

question 23

Multiple Choice

If a publicly traded corporation misstated its accounting filings to the SEC,the "clawback" provision in the Sarbanes-Oxley Act gives the corporation certain rights to recover:

• A) Profits earned from the exercise of stock options by the company's CEO and CFO only
• B) Profits earned from the exercise of stock options by all of the company's officers who serve in financial reporting oversight roles
• C) Profits earned from the exercise of stock options by all of the company's officers and directors who serve in financial reporting oversight roles
• D) Profits earned from the exercise of stock options by all company personnel who were involved in the preparation of, or content determination of, the company's financial statements

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Definitions:

Proportional Representation

An electoral system in which parties gain seats in proportion to the number of votes cast for them, aiming for a more accurate reflection of the electorate's preferences.

Legislative Seats

Positions held by elected members within a legislative body, such as a parliament or congress, who are responsible for making and voting on laws.

Split-Ticket Voter

A voter who selects candidates from different political parties on the same ballot during an election.

Swing Voter

An undecided or independent voter who can be swayed to either side of the political spectrum, often playing a crucial role in elections.