The Sarbanes-Oxley Act (SOX)________

question 134

Multiple Choice

The Sarbanes-Oxley Act (SOX) ________.

• A) requires independent accountants to take responsibility for the accuracy and completeness of the financial reports
• B) created the SEC
• C) ensures that financial scandals will no longer occur
• D) requires companies to take responsibility for the accuracy and completeness of their financial reports

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Definitions:

Gas Exchange

The biological process by which gases (such as oxygen and carbon dioxide) are transferred between living organisms and the environment, typically occurring in the lungs in humans and across the surfaces of leaves in plants.

Endosymbiosis

A theory explaining the origin of eukaryotic cells from prokaryotic organisms through a symbiotic relationship.

Chloroplast

A type of organelle found in plant cells and some algae, which is the site of photosynthesis and responsible for producing energy through light.

Thylakoid Membrane

The thylakoid membrane is a component of chloroplasts that houses the machinery for the light reactions of photosynthesis, including the chlorophyll pigments.