Which one of the following best describes the primary intent of the Sarbanes-Oxley Act of 2002
a. Decrease the number of corporations that can be publicly traded
b. Increase the protections against corporate fraud
c. Limit secondary issues of corporate securities
d. increase the dividends paid to shareholders
e. Increase the number of firms that "go back"
Ans: b. Increase the protections against corporate fraud
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What is the principal guiding factor for the financial manager of a firm?
What will be an ideal response?
Which one of the following is true regarding the economic environment of business that shapes the behavior of buyers and sellers?
A) Forces resulting from the practical application of science are effected by the economic environment. B) Virtually every decision made is influenced by the economic environment. C) Laws and regulations that restrain, support, and protect businesses protect the economic environment. D) Targeted customers and competitors that market similar products will not affect the economic environment. E) Population trends, social values, and relationships of society and business are dependent on the economic environment.