The Sarbanes Oxley Act of 2002 Requires an Effective Internal

question 42

Multiple Choice

The Sarbanes Oxley Act of 2002 requires an effective internal control system for publicly owned firms.Therefore,with regards to strategic investment decisions,it is important that management consider including

• A)internal audits of strategic decisions.
• B)a code of ethics.
• C)a system of preparing and reporting on investment decision.
• D)All of these.

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Definitions:

Effective Time Dimension

Represents the analysis of time as a factor in optimizing efficiency and productivity within operations or processes.

Near Future

A period of time that is immediately ahead, often implying that expected events or changes are imminent.

Intermediate Future

Intermediate future refers to a medium-term time horizon that individuals or organizations plan for, typically ranging from the next few months to several years ahead, balancing between short-term actions and long-term strategies.

Distant Future

A time well beyond the present, often associated with long-term projections or speculations.