In the Context of Business Ethics and the Law, Which

question 36

Multiple Choice

In the context of business ethics and the law, which of the following statements is true regarding the Sarbanes-Oxley Act?

• A) It was passed by the Congress in 1992 to improve investor confidence.
• B) It requires companies to strictly adhere to a policy of sustainable development.
• C) It was passed by the Congress in response to a series of corporate scandals.
• D) It requires organizations to have more company insiders as members of the board of directors.
• E) It prohibits senior managers from personally signing off on financial results.

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Definitions:

Social Stratification

A relatively fixed hierarchical arrangement in society by which groups have different access to resources, power, and perceived social worth; a system of structured social inequality.

Marx's Approaches

Theoretical frameworks proposed by Karl Marx that focus on conflict theories related to capitalism, class struggle, and the dynamics between labor and capital.

Weber's Approaches

The methodologies and theories developed by Max Weber, focusing on understanding society through the analysis of social actions, social relationships, and culture.

Class Inequality

The disparity in access to resources, opportunities, and rights among different socioeconomic classes.