Question

Lys c. Lobbying 15. The law increases penalties for accounting fraud and makes conviction of securities fraud a felony with a stiff prison term. 2 Enron-Arthur Andersen b. Bush-Cheney C. Civil Rights d. Sarbanes-Oxley e. Political advocacy 16. Another form of indirect lobbying is a PAC b. Coalition building c. Advocacy advertising d Campaign financing e Social contracting 17. A(n) reviews all aspects of a firm's operations to pinpoint possible liabilities and other legal problems. a environmental audit b arbitration C alternative dispute resolution d leval audit e SWOT analysis - is the study of how scarce resources are used to create wealth and how that wealth is distributed a Economics Management Sociology d Finance e Ecology 19. During the phase of the business cycle, employment and wages usually rise. 2 expansion b etraction C innovation e touch 20. Experts recommend that managers use an cycle sensitive decisions approach when using forecasting in making divide and conquer d consensus caverage 21. The process is defined as the systematic development and practical application of a new idea technology b. innovation P Lecture 13 Septe wl Busness Manage

Answer 1

A15.

d) Sarbanes-Oxley

The act which was enacted in the year 2002 has increased the requirements for the public companies. This helps investors who are investing in companies to get accurate disclosures from the companies. This also helps in increasing the reliability of the data given by the company.

The act was brought into action due to the serious financial crisis involving companies like Enron and WorldCom. From introducing tougher penalities for fraud to greater regulations, the act addresses some of the serious concerns plaguing the financial world in the United States of America.