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One of the Components of the Sarbanes-Oxley Act Is to Set

question 73

True/False

One of the components of the Sarbanes-Oxley Act is to set forth new penalties for boards of directors,accounting firms and management if inaccurate or fraudulent financial reporting is found.


Definitions:

Joseph Schumpeter

An economist known for his theory on business cycles and for coining the term "creative destruction" to describe the process of innovation in economics.

Innovations

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.

Clusters

Geographic concentrations of interconnected companies, specialized suppliers, and service providers in a particular field that are thought to increase competitiveness and innovation.

Old Navy

A popular clothing and accessories retailer known for offering fashionable and affordable apparel for the entire family.

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