Summarize the Sarbanes-Oxley Act of 2002 and describe the mandates it placed on organizations.
What will be an ideal response?
The Sarbanes-Oxley Act of 2002 established requirements for proper financial record keeping for public companies and penalties of as much as 25 years in prison for noncompliance. Administered by the Securities and Exchange Commission, the Act, known informally as SarbOx, requires a company's chief executive officer and chief financial officer to personally certify the organization's financial reports, prohibits them from taking personal loans or lines of credit, and makes them reimburse the organization for bonuses and stock options when required by restatement of corporate profits. It also requires the company to have established procedures and guidelines for audit committees.
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Measures of employees' performance should take the effects of situational constraints into account.
Answer the following statement true (T) or false (F)
Business-to-business websites utilize all of the following incentives, except:
A) financial incentives B) convenience incentives C) value-added incentives D) mark-up incentives
Which of the following best describes a company's financing activities?
a. Financing activities focus on the sale of products and services. b. Financing activities include selling products. c. Financing activities enable a company to acquire assets needed to run a business. d. Financing activities are represented by the revenues and expenses on the income statement.
Brooke is a suspect in a case of larceny. Police officers search her house without a warrant and find the missing article. Brooke's attorney argues that this cannot be used as evidence as it was obtained without a warrant to search her residence
Which of the following statements is true with regard to the scenario? A) The evidence is not permissible since it violates Brooke's right to be secure in her home as per the Fourth Amendment to the U.S. Constitution. B) The evidence is not permissible since it violates Brooke's right to assemble peacefully as per the First Amendment to the U.S. Constitution. C) The evidence is valid in court as police officers are permitted to search residences. D) The evidence is permissible since the police officers need to describe the items searched for in a formal report.