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WGU D774 Objective Assessment Final Version 1 /WGU D774 Introduction To Business OA Newest 2025-2026 Complete All Questions And Correct Detailed Answers (Verified Answers) |Already Graded A+||Brand New Version!
What is the Sarbanes-Oxley Act?
An act of U.S. Congress passed in 1956, during the height of the Cold War, banning exchange of financial information with Soviet companies
-A law passed in 2002 that imposed new regulations -on both businesses and accounting firms
-A set of securities market regulations adopted in 1934 in response to the Great Depression
-A federal regulation released in 2008 outlawing pump-and-dump schemes
A law passed in 2002 that imposed new regulations on both businesses and accounting firms
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What led to the passage of the Dodd-Frank Act?
-Release of computerized computer packages for double-entry accounting
-Bursting of the dot-com bubble caused by investor overoptimism
-Excessive risk-taking by banks and other financial institutions
-Pump-and-dump schemes operated by Wall Street investment banks
Excessive risk-taking by banks and other financial institutions
How did the Industrial Revolution lead to increased importance of reliable financial statements?
-Through the creation of a greater need for investment capital
-Through the invention of computers for better information processing 2 / 4
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-Through the legalization of banks and accounting firms
-Through the development of the internet and the need for rapid data transmission
Through the creation of a greater need for investment capital
What contributed to the need for accounting in Egypt 5,000 years ago?
-Military defense
-Taxation
-Astronomy
-Architecture
Taxation
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Which U.S. regulatory agency is tasked with making sure that investors have all necessary information with respect to the risks and returns associated with an investment in a publicly traded company?
-Sarbanes-Oxley Trading Union (SOTU)
-Federal Trade Commission (FTC)
-Financial Accounting Standards Board (FASB)
-Securities and Exchange Commission (SEC)
Securities and Exchange Commission (SEC)
An act that imposed new regulations on both businesses and accounting firms in 2002 Sarbanes-Oxley
Person who must personally attest to the accuracy and fairness of their company's financial statements
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