Describe the various criminal provisions of the Sarbanes-Oxley Act of 2002.
What will be an ideal response?
The criminal provisions of the Sarbanes-Oxley Act of 2002 are found in sections titled the Corporate and Criminal Fraud Accountability Act and the White-Collar Crime Penalty Enhancement Act. These sections of the act create new federal offenses, increase the penalties for existing offenses, and call for a reexamination of the Federal Sentencing Guidelines to ensure that white-collar criminals are being adequately punished. Under the law:
1. It is a crime for anyone to knowingly alter or destroy documents with the intent to impede, obstruct, or influence a government investigation.
2. The chief executive officer (CEO) and chief financial officer (CFO) must certify reports submitted to the Securities and Exchange Commission (SEC). It is a crime for a CEO or CFO to certify a report he or she knows to be false.
3. CEOs and CFOs must reimburse the company for any bonuses or other incentive compensation if any financial reporting is misleading due to misconduct, even if the misconduct was not attributable to the CEO or CFO.
4. It is a felony to defraud shareholders of a publicly traded company.
5. Procedures for whistle blowing, including anonymous reporting, must be established, and employees who "blow the whistle" on their employers for fraud are offered legal protection.
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During the ______ cultural adaptation stage, you are beginning to settle in, know how to interact with people and where to socialize, and have a clearer understanding of business practices.
A. autonomy B. reintegration C. disintegration D. independence
C-Swiss, a Swedish firm specializing in communication networks, reported a balance in Inventories of SEK21,500 million at the beginning of 2013 and SEK22,500 million at the end of 2013 . During 2013, C-Swiss reported SEK114,100 million in Cost of Sales. How much was C-Swisss' inventory purchases during 2013? [Assume that all of C-Swisss' inventory purchases are made on account and C-Swiss applies
IFRS, as well as reports its results in millions of Swedish kronor (SEK).] a. SEK115,300 million b. SEK115,200 million c. SEK115,100 million d. SEK113,100 million e. none of the above
Once the potential exporter has established that there may be a market for the firm's products, the next task is to draft the ____________ plan.
Fill in the blank(s) with the appropriate word(s).
While managers can control the marketing mix, they cannot control the elements in the external environment that continually mold and reshape the target market. List six variables of the external environment that are not directly under the control of marketing managers.
What will be an ideal response?