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:

Current Account Balance

A measure of a country's international financial position, reflecting the difference between its savings and its investment by tracking exports and imports of goods, services, and financial transfers.

Money Outflows

The movement of money out of a business, project, or investment, typically representing expenses or investments.

Money Inflows

Financial resources entering a specific area, system, or entity, such as the funds received by a business or economy from external sources.

Value Of The Dollar

This refers to the purchasing power of the U.S. dollar, indicating how much goods and services one dollar can buy, both domestically and internationally.