Which of the Following Issues Is Addressed by the Sarbanes-Oxley

question 144

Multiple Choice

Which of the following issues is addressed by the Sarbanes-Oxley legislation?

• A) safety aspects of products
• B) environmental damages caused by industries
• C) disclosure practices of public corporations
• D) disclosure practices of private companies

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Definitions:

Indirect Taxes

Taxes levied on goods and services rather than on income or profits, such as sales tax or value-added tax (VAT).

Corporate Income Tax

A tax imposed on the net income (profit) of corporations, calculated as a percentage of their net income.

Social Security Tax

is a tax levied on both employers and employees to fund the Social Security program, which provides benefits to retirees, disabled individuals, and survivors.

Regressive Tax

Falls more heavily on the poor than on the rich; for example, Social Security tax.