With the Enactment of the Sarbanes-Oxley Act of 2002,all Public

question 80

Multiple Choice

With the enactment of the Sarbanes-Oxley Act of 2002,all public companies are now required by the SEC to disclose whether or not the company has

• A) an audit committee.
• B) human resources guidelines.
• C) a code of ethics.
• D) a management compensation plan.

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Definitions:

Horizontal Merger

A merger between companies operating at the same level in an industry or supply chain, often aimed at reducing competition or achieving economies of scale.

Conglomerate Merger

A type of business combination where two or more corporations in completely unrelated industries combine.

Money Lending

The act of giving money to another party in exchange for future repayment of the principal amount along with interest or other charges.

Province

An administrative division within a country, often with its own local government.