The Sarbanes-Oxley Act (SOX) Was Enacted in 2002 Required MNCs

question 70

True/False

The Sarbanes-Oxley Act (SOX) was enacted in 2002 required MNCs and other firms to implement an internal reporting process that could be easily monitored by executives and the board of directors.

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Definitions:

Honorary White

A term referring to individuals of a minority group who are granted some privileges associated with whiteness due to their social, economic, or political status.

Intermediary Group

A mediating or middle entity that facilitates communication, interaction, or transaction between two separate groups or individuals.

Race Conflict

Tensions and disputes arising from differences in racial or ethnic identities, often fueled by systemic inequalities, prejudice, and discrimination.

Ethnic Identity

A person's sense of belonging to a particular ethnic group, including aspects of culture, tradition, language, and heritage.