A Company Has an "Internal Whistleblower of the Year" Award

question 13

Multiple Choice

A company has an "Internal Whistleblower of the Year" award and intends to announce the employee who won the accompanying $25,000 cash prize at the company's annual employee awards banquet.The company:

• A) May not do so without getting the employee's permission
• B) May not do so, even if it obtains the employee's permission
• C) May do so to encourage others to employees to speak out
• D) May do so based on the "honorary award" exception in the Sarbanes-Oxley Act

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Definitions:

Acquisition

The process of gaining control or ownership of another company or its assets, often through purchase or merger.

Net Assets

The total assets of an organization minus its total liabilities, representing the owners' or shareholders' equity.

Credit Balance

A situation where the amount of credits in an account exceeds the debits, often indicating money owed by the institution to the account holder.

Long-Term Liabilities

Debts or obligations a company owes that are due beyond one year's time, such as bonds payable, long-term leases, or pension obligations.