While the Sarbanes-Oxley Act (SOX)contains Many Provisions,the Overall Intent of the Legislation

question 15

Multiple Choice

While the Sarbanes-Oxley Act (SOX) contains many provisions,the overall intent of the legislation was to improve the accuracy of information given to both boards and to shareholders.SOX attempted to achieve this goal in all of the following ways,EXCEPT:

• A)overhauling incentives and independence in the auditing process.
• B)mandating the separation of the positions of CEO and Chairman of the Board.
• C)stiffening penalties for providing false information.
• D)forcing companies to validate their internal financial control processes.

Recognize the misuse of intelligence tests and the ethical considerations involved.

Understand the basic requirements and components of a valid e-contract.

Identify the elements that make an offer effective or not.

Recognize the implications of unauthorized methods of acceptance on the validity of an offer.

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Definitions:

Personal

Relating to individuals and their unique characteristics, often emphasizing aspects that are private or pertaining to one's own identity and experiences.

Social Needs

Human requirements for forming meaningful relationships, belonging to groups, and feeling accepted by others.

Followers

Individuals who support, are guided by, or are loyal to a leader or organization, often contributing to its goals and mission.

Blake and Mouton

Creators of the Managerial Grid Model, which identifies leadership styles based on concern for people and concern for production.