Signed into Law on July 30, 2002, the ________ Act

question 49

Multiple Choice

Signed into law on July 30, 2002, the ________ Act requires CEOs of publicly traded companies to vouch for the veracity of the firm's published financial statements.

• A) Smoot-Hawley
• B) Humphrey-Hawkins
• C) McCain-Merrill
• D) Sarbanes-Oxley

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Definitions:

Regulations

Rules or directives made and maintained by an authority to regulate behavior, usually in a specific activity or industry.

Laws

Systematized rules created and enforced through social or governmental institutions to regulate behavior.

Wealthy

Having a substantial amount of money, assets, or resources; rich.

Nationalizing

The process by which a government takes control of a privately owned company or industry, often to assert greater control over the economy.