Describe the criminal penalties under the Sarbanes-Oxley Act of 2002
What will be an ideal response?
The criminal penalties under the Sarbanes-Oxley Act of 2002 include the following:
a. The maximum penalty for securities fraud was raised to 25 years.
b. A new crime was created under this act for destruction, alteration, or fabrication of records; the maximum penalty permitted under the act is 20 years imprisonment.
c. Penalties are increased for CEOs or CFOs who knowingly certify a report that does not meet the requirements of this act; they are now subject to $1 million in fines and up to 5 years in prison. If officers "willfully" certify a noncomplying report, the penalty may be up to $5 million in fines or 20 years in prison or both.
d. Under this act, penalties for mail and wire fraud are raised to 20 years, and for defrauding pension funds, up to 10 years.
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What is the difference between stock options and an employee stock ownership plan (ESOP)?
A. Stock options are usually granted to company executives, whereas ESOPs are provided to all employees. B. Earnings from stock options are exempt from income taxes, whereas earnings from ESOPs are taxable. C. Under stock options, employees can sell their stocks, whereas ESOPs do not allow employees to sell their stocks. D. In stock options, stocks are placed into a trust, whereas ESOPs give employees the right to buy a certain number of shares of stock. E. Stock options carry significant risk, whereas ESOPs are risk-free.
Kara has identified the recruiting area for Acme Global’s new plant. Acme will need many carpenters at its new facility but there is another plant in the area hiring carpenters and offering them good wages. Kara believes that will make her job recruiting qualified applicants difficult. Which external force acting on recruiting efforts is Kara examining?
A. competitors B. generational factors C. legal environment D. time required to hire
Briefly describe the steps of the marketing communication process
What will be an ideal response?
Under what condition would it be rational for the trading areas of two branch locations to completely overlap?
a. when the retailer desires cost economics in promotion b. when the retailer decides to switch store locations from one large store to two small stores c. when a retailer pursues a mass marketing strategy d. when each store has a different target market