The Sarbanes Oxley Act of 2002 Is Intended To

question 12

Multiple Choice

The Sarbanes Oxley Act of 2002 is intended to:

• A) protect financial managers from investors.
• B) not have any effect on foreign companies.
• C) reduce corporate revenues.
• D) protect investors from corporate abuses.
• E) decrease audit costs for U.S. firms.

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Definitions:

Referent

An entity or object that another entity or language refers to or denotes.

Expert

An individual with a deep, comprehensive knowledge or skill in a particular area or field.

Referent Power

A form of power that stems from being admired or respected, leading others to identify with the person who has referent power.

Identification

Conformity to a social norm prompted by perceptions that those who promote the norm are attractive or similar to oneself.