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The Sarbanes-Oxley Act Requires All Private Companies in the United

question 159

True/False

The Sarbanes-Oxley Act requires all private companies in the United States to maintain an internal control system.


Definitions:

National Health System

A publicly funded healthcare system in which the government provides essential healthcare services to residents, often funded through taxation.

National Health Insurance

A government-sponsored insurance scheme intended to provide health coverage to citizens, typically funded through taxes.

Entrepreneurial System

A socioeconomic structure that enables innovation and supports individuals in developing new businesses and ventures.

Health Care Reform

Changes made to improve accessibility, quality, and cost-effectiveness of health care services.

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