Which Represented a Far-Reaching Change to Organizational Control and Accounting

question 17

Multiple Choice

Which represented a far-reaching change to organizational control and accounting systems,making securities fraud a criminal offense?

• A)Council on Economic Priorities and Social Accountability 8000.
• B)Sarbanes-Oxley Act.
• C)Consumer Protection Act.
• D)Defense Industry Initiative on Business Ethics and Conduct.
• E)Dodd-Frank Wall Street Reform and Consumer Protection Act.

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Definitions:

Contribution Margin

The amount by which sales revenue exceeds variable costs, indicating how much revenue contributes to fixed costs and profits.

Least-squares Regression

A statistical technique that identifies the optimal fitting line by reducing the sum of the squared vertical deviations of the data points from that line.

Cost Formula

A mathematical equation used to calculate the total cost of production by combining fixed costs, variable costs per unit, and the number of units produced.

Activity Data

Information regarding the actions or operations within a process, often used in activity-based costing to allocate costs more accurately.