The Sarbanes-Oxley Act of 2002 is a governmental response to: Multiple Choice O O decreasing corporate profits. the terrorist attacks on 9/11/2001. the harm caused to stock markets by SARS, MERS, COVID-19, and other pandemics. O deregulation of the stock exchanges. Omanagement greed and abuses.

The Sarbanes-Oxley Act of 2002 is a governmental response to: Multiple Choice O O decreasing corporate profits. the terrorist attacks on 9/11/2001. the harm caused to stock markets by SARS, MERS, COVID-19, and other pandemics. O deregulation of the stock exchanges. Omanagement greed and abuses.

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter2: Ethics & Governance Scandals

Section: Chapter Questions

Problem 4Q

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Concept explainers

Corporate Ethics

Ethics refers to the moral values and principles that guide an individual. Corporate ethics refers to the moral behavior of a company and its employees while conducting business. Business ethics is another name for corporate ethics. Business ethics reflects the purpose of doing the business. Business ethics is the distinction between what is right and wrong in the workplace and the selection of the right set of actions. Every corporate entity follows business ethics to a large extent in order to survive and compete successfully in the market. Corporate entities that strictly adhere to business ethics gain the trust of their stakeholders and thus gain more customers. An organization follows compliance, i.e., following certain business policies, rules, procedures, and practices to deal with the problem arising from the business environment. Business ethics also ensures that they meet compliance requirements as it was connected with the activities of an organization.

Question

The Sarbanes-Oxley Act of 2002 is a governmental response to:
Multiple Choice
decreasing corporate profits.
the terrorist attacks on 9/11/2001.
the harm caused to stock markets by SARS, MERS, COVID-19, and other pandemics.
deregulation of the stock exchanges.
management greed and abuses.
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