The ________ Act, Enacted by Congress in 2002, Requires Public

question 76

Multiple Choice

The ________ Act, enacted by Congress in 2002, requires public companies to adopt codes of ethics and establishes criminal penalties for companies that partake in violations.

• A) Glass-Steagall
• B) Sarbanes-Oxley
• C) False Claims
• D) Business Norms

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Definitions:

Acquisition

The process of taking control of another company by purchase or merger.

Outstanding Stock

Shares of a company that are owned by investors, including both public investors and company officers.

Market Price

The ongoing rate at which assets or services are bought or sold.

Merged Firm

A company formed by combining two or more companies into one entity, often to strengthen business operations.