The Sarbanes-Oxley Act Requires That All Publicly Traded Companies Disclose

question 160

Multiple Choice

The Sarbanes-Oxley Act requires that all publicly traded companies disclose whether certain executives are subject to a corporate code of ethics.Which of the following executive position need not be disclosed?

• A)Principal executive officer
• B)Principal marketing officer
• C)Principal financial officer
• D)Principal accounting officer

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Definitions:

Goods and Services

The output produced by an economy, including tangible products (goods) and intangible activities (services) that fulfill the needs or wants of consumers.

Profitable

A financial status where the income earned is greater than the expenses incurred, leading to a positive net income.

Invisible Hand

A concept proposed by Adam Smith, describing the self-regulating nature of the marketplace that guides individuals to unintentionally promote societal benefits through their own self-interest.

Self-Interest

Acting in a way that is most personally beneficial, often guiding economic decisions and behaviors.