Assignment Instructions/ Description
STR 581 Week assignment 1 Knowledge Check
1. For the past 28 years, ABC, Inc. has made a significant investment of time, money, and other resources to increase the literacy rate in adult Americans. This represents which of these principles of successful collaborative social initiatives?A. Weigh government influence.B. Identify a long-term durable mission.C. Assemble and value the total package of benefits.D. Leverage core capabilities.2. According to stakeholder theory, in a survey of over 2000 directors from over 290 U.S. companies, which of these stakeholders was perceived to be least important?A. GovernmentB. EmployeesC. StockholdersD. Society3.Which law revised and strengthened auditing and account standards?A. Truth in Lending Act of 1968B. National Environmental Policy Act of 1969C. Federal Fair Trade Act of 1986D. Sarbanes-Oxley Act of 20024. Which of these is true about Sarbanes-Oxley Act of 2002?A. The directors and executive officers are required to trade the company's 401(k) plan, profit sharing plan and retirement plan during the blackout periodB. The act requires that the audit committee must be composed entirely of inside officers.C. Companies are required to extend personal loans to executives and directors.D. The CEO and CFO must verify every report containing the company's financial statements.5. A major consequence of the Sarbanes-Oxley Act of 2002 has been theA. political fallout in congressB. outsourcing of jobs in lower wage countriesC. super growth in accounting firms in the U.S.D. reorganizing of the governance structure of American corporations
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