Section 404 of the Sarbanes-Oxley Act States That

question 84

Multiple Choice

Section 404 of the Sarbanes-Oxley Act states that:

• A) annual reports must contain a statement signed by the CEO and CFO attesting that the information in all of the firm's SEC filings is accurate.
• B) public companies must disclose their code of ethics as well as any waiver of the code for certain members of senior management.
• C) a code of ethics must be easily accessible by employees, shareholders, business partners, and the public.
• D) the code of ethics must continually be applied to a company's decision making and emphasized as an important part of its culture.

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Definitions:

Estate Planning Services

Professional services aimed at assisting individuals in managing the distribution of their assets and wealth after their death.

Two-part Tariff

A pricing strategy where the price of a product or service is composed of two parts: a fixed fee plus a variable charge based on usage or consumption.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Reservation Prices

The maximum price a consumer is willing to pay for a good or service, beyond which they will not purchase it.