A Requirement of SOX Is That Publicly Traded Companies Must

question 29

Multiple Choice

A requirement of SOX is that publicly traded companies must have which of the following assessed annually?

• A)Financial reporting system
• B)Internal control system
• C)Internal control system and financial reporting system
• D)There is no annual assessment required under SOX.

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Definitions:

Antipredator Response

Behavioral or physiological strategies employed by prey animals to avoid or deter predators.

Predator Distraction Hypothesis

A theory explaining certain animal behaviors or characteristics as tactics to divert a predator's attention away from the most vulnerable members of a group.

Gull Behavior

The various actions and responses characteristic of gulls, including feeding strategies, social structure, and migration patterns.

Foraging

The act of searching for and exploiting food resources by animals.