Which of the Following Statements Is True About the Sarbanes-Oxley

question 72

Multiple Choice

Which of the following statements is true about the Sarbanes-Oxley Act of 2002?

• A)In case of noncompliance,it limits charges to heavy fines; it does not include prison terms for executives.
• B)Organizations spend millions of dollars each year to comply with regulations under the Sarbanes-Oxley Act.
• C)It imposes no criminal penalty for corporate governing and accounting lapses.
• D)Retaliation against whistle-blowers is not included as a violation under the law.
• E)It was passed in response to illegal and unethical behavior by employees toward the management.

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Definitions:

Negative Effects

Unfavorable or harmful outcomes or consequences that result from an event, action, or condition.

Personal Relationships

Bonds or connections between individuals characterized by emotional significance, mutual benefits, and ongoing social interaction.

Closest Friends

Individuals with whom one shares a deep level of emotional intimacy, trust, and support.

New Friends

Individuals whom one has recently begun to know, forming bonds outside of existing social circles.