The new-product process stage of market testing involves two items -
Using realistic purchase conditions to see if consumers will buyExposing actual products to prospective consumersTo find out how well a product, service, or offering will perform, one can conduct market research. It often consists of research studies that seek to provide answers to concerns about how the market will respond to the introduction of the product.Convenience goods, shopping goods, specialty products, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features. Let's explore each of them in more depth.How many steps are in the new product development process multiple choice question?
The process of bringing a brand-new product idea to market is known as new product development (NPD). It can be roughly divided into seven stages: ideation, research, planning, prototype, sourcing, costing, and commercialization, though it varies by industry.Learn more about new product development (NPD) brainly.com/question/26679051
#SPJ4
The cost object of the plantwide overhead rate method is:Multiple ChoiceThe unit of product.The production departments of the company.The production activities of the company.Manufacturing cost pools.The time period.
The cost object of the plantwide overhead rate method is the unit of product.
Plantwide Overhead Rate MethodWhen a business allocates all of its manufacturing overhead expenses to products or cost items, it does so using a single overhead rate known as the plantwide overhead rate. In smaller organizations with straightforward cost structures, it is most frequently used.Instead of using a single plantwide overhead rate, the usual business uses a limited number of cost pools that are each allocated with a variable overhead rate. While doing so increases the amount of time needed to close the books, it also increases the accuracy of overhead allocation. As a result, there is a trade-off between the increased financial statement accuracy brought on by the additional accounting work required to track and distribute numerous cost pools.To learn more about the Plantwide Overhead Rate Method refer to:
https://brainly.com/question/17009083
#SPJ4
When firms are said to be price takers, it implies that if a firm raises its price,.
Answer:
when films are said to be prize takers in implies that if you raises its price a buyers will go else where
Wright Automobiles, a used car dealer, has to purchase soft drinks and snacks for the vending machines in the customer lobby. This buying situation demonstrates a
Wright Automobiles, a used car dealer, has to purchase soft drinks and snacks for the vending machines in the customer lobby. This buying situation demonstrates a straight rebuy.
A purchase in which the customer buys the same goods in the same quantity on the same terms from the same supplier.
Modified rebuy is a state of affairs wherein the client makes some adjustments within the order, and it could require some additional analysis or studies. straight rebuy: wherein the client reorders the identical products without seeking out data or thinking about different suppliers.
If your company is upset with a dealer's product and the procurement crew makes modifications to the order, you completed a changed rebuy. There are several motives for agencies to try this new requirement, excessive costs, suppliers, product adjustments, etc.
A buying scenario in which an individual or agency buys goods that have been bought previously, however, adjustments either the provider or a few other elements of the preceding order.
Learn more about straight rebuy here https://brainly.com/question/8530057
#SPJ4
Interim financial statements: multiple choice are always prepared before any adjustments have been recorded. show the liabilities above the assets. cover less than one year, usually spanning one-, three-, or six-month periods. report revenues when incurred and expenses when earned.
Interim Financial Statements: (c) cover less than one year, usually spanning one-, three-, or six-month periods.
What are interim financial statements?An interim statement is a financial report covering a period of less than one year. Interim statements are used to convey the performance of a company before the end of normal full-year financial reporting cycles. Unlike annual statements, interim statements do not have to be audited. Interim statements increase communication between companies and the public and provide investors with up-to-date information between annual reporting periods.Interim statements are financial reports produced by firms covering a period of less than one year. Quarterly reports are commonly used by companies, and may sometimes be mandated by the SEC.A company is not required to prepare interim financial statements in order for its annual financial statements to comply with IFRS Standards. However, local laws and regulations may require a company to prepare interim financial statements and also specify the frequency – e.g. quarterly or half-yearly
It includes all types of statements like balance sheet, income statement, cash flow statement. These statements are not audited and mostly it is prepared in publicly held companies.
To know more about financial statements check the following,
https://brainly.com/question/24304250
https://brainly.com/question/13474797
#SPJ4
While the ____ role describes managers who initiate change, the ____ role depicts managers who must involuntarily react to conditions.
While the entrepreneur role describes managers who initiate change, the disturbance or crisis handler role depicts managers who must involuntarily react to conditions.
What is the role of an entrepreneur?An entrepreneur is a person who develops and expands a firm using their original ideas. Along with earning money, entrepreneurs play important roles in the expansion of their companies. An entrepreneur spots a market need in their neighborhood, develops a business concept, and assumes control of the venture to launch it.
They are in charge of identifying and assessing market possibilities, developing a business plan, obtaining money, establishing the company or firm, and managing its day-to-day operations. In order to recoup their costs, the entrepreneur sells the company's goods or services.
Learn more about entrepreneur here
https://brainly.com/question/353543
#SPJ1
John has secured a listing for the property at 123 Main Street. He is showing the property to a buyer customer. He has disclosed to the buyer that he represents the seller for this property. While showing the property, John notices a problem with the roof that he did not see when he listed the property. What should he do
John should mention the problem to the buyer because it's a material fact.
What is the Law of Agency?The legal connection between two parties in which one delegated to the other the power to act on their behalf is governed by agency law. A person who represents another is referred to as an agent. The principal is the person who delegated authority to the agent.The relationship between agents, principals, and other parties who work with them is also outlined under agency law. The principle is responsible for the actions of the agent that are taken in accordance with the agent's authorization.When the principal appoints someone as an agent through a contract or requests someone to supply something, an agency is established. As a result, the agent's actions are equivalent to those of the principle, and the principal is liable for all of the agent's conduct. A written contract established through the power of attorney is typically used to enforce this kind of agency.Learn more about Law of Agency with the help of the given link:
https://brainly.com/question/14142269?referrer=searchResults
#SPJ4
Webmax Inc. produced and marketed cameras. After considerable research and development, they developed a new digital camera that had an array of new features. Webmax was so sure about the new offering that they even reduced their marketing budget. What sort of orientation does Webmax have toward the marketplace
WebMax Icn. has a product orientation toward the marketplace.
What is product orientation?When a company creates items based on what it is good at rather than what a customer wants.The Gillette Company focuses on producing the best disposable razors at the most affordable price. As a result, they distinguish their products through high-quality razor blades, ease of use, and an appropriate pricing approach.Reason -In the given situation Webmax has developed the product according to themselves and they have also lower their marketing budget due to this.As the definition of product orientation says that company creates items based on what it is good at rather than what a customer wants.Therefore, WebMax Icn. has a product orientation toward the marketplace.
Know more about a product here:
https://brainly.com/question/25922327
#SPJ4
How does labor relate to the scarcity problem
Answer:
The scarcity of labor is having several effects on businesses. Companies are forced to raise wages to attract workers, which increases the cost of doing business. The lack of workers is also causing delays and disruptions in the supply chain.
Revenues, expenses, gains, losses, and income tax related to a(n) must be removed from continuing operations and reported separately on the income statement. (
Revenues, expenses, gains, losses, and income tax related to "disconnected operation" must be removed from continuing operations and reported separately on the income statement.
What is disconnected operation?In the event that a shared data repository has brief outages, disconnected operation allows a client to keep using it to obtain vital information.
The examples of disconnected operations are-
closure of a poorly performing section.merger-related redundanciesa product line's salediscontinuing services that are no longer needed.Some key features of disconnected operations are-
Parts of a company's operations that have been sold off or discontinued are referred to as discontinued operations in accounting.They are listed separately from continuing operations on the income statement.Understanding which assets are being sold off when companies merge might help to clarify how a company will generate revenue in the future.To know more about the income statement, here
https://brainly.com/question/15169974
#SPJ4
Preventive stress management has three parts: primary, secondary, and tertiary. What part would you be acting on if you gave one of your employees permission to set his or her own goals and develop a schedule to accomplish them?
When a manager gives one of his employees, a permission to set his or her own goals and develop a schedule to accomplish the goals, the manager is said to act secondary preventive stress management.
What is preventive stress management?Preventive stress management is regarded as a function of management wherein an organization prepares strategies before the happening of an event that are in contingency, is known as preventive stress management.
In the given example, the manager is acting as a part of primary stress management, as he has given his employees the authority to establish goals and work on them as per their own will.
Hence, the significance of preventive stress management is aforementioned.
Learn more about preventive stress management here:
https://brainly.com/question/13137015
#SPJ1
Normal profit Group of answer choices Is the accounting profit earned when economic profits are greater than zero. Is an above-average rate of return. Is sufficient to induce entry into the industry Covers the full opportunity cost of the resources used by the firm. None of the Answers are Correct.
Normal Profit refers to the accounting profit earned when economic profit is greater than zero.
Normal Profit means the company makes sufficient revenue to cover the overall cost of production and maintain its competitiveness in the respective industry. Normal Profit helps the company to maintain its operation. It takes into account the implicit cost, explicit cost, and opportunity cost of the next business alternatives. The implicit costs include the cost of the factor of production while the explicit cost includes labor wage and raw material cost.
Reporting a Normal Profit by the company shows that the company gains a profit higher than the opportunity cost that it loses in using the resource to produce goods.
Learn more about the Normal Profit here: https://brainly.com/question/1078746
#SPJ4
A ______ is a mission in a game, structuring action for the player. Group of answer choices strategy mechanic dynamic quest
A Quest is a mission in a game, structuring action for the player.
In video games, a player-controlled character, party, or group of characters may undertake a quest or mission in order to receive a reward. Role-playing and massively multiplayer online games are where you'll typically find quests. Rewards can come in the form of treasure like in-game currency or equipment, access to places or locations that are at a higher level, a rise in the character's experience so that they can gain new skills and abilities, or any combination of the aforementioned.
There are many different types of missions, including delivery/"fetch" quests, gather quests, kill quests, and escort tasks. Quests, however, might comprise many tasks, such as collecting something and moving it somewhere. In order to create quest chains or series, quests can be linked together. In this way, quests are utilized to give players more context for the world their characters are in. This mechanism is also employed to advance the game's possible storyline or plot.
The term "side quest" is used to describe a variety of quest types. These are side quests that diverge from the main storyline and are not necessary to finish the game.
Learn more about Quests here
https://brainly.com/question/25508483
#SPJ4
Type the correct answer in the box. Spell all words correctly.
What designation would you hold if you have the most common designation in the accounting field, which is also considered the backbone of
the accounting function?
You would hold a
designation if you have the most common designation in the accounting field.
The most common designation in Accounting which is the backbone of the accounting field is Chartered./ Certified Accountant.
Who is a Chartered/ Certified Accountant?A Chartered Accountant is one who has passed the rigorous tests required to become fully certified in the accounting profession.
Due to their immense knowledge and training, they are the backbone of the accounting profession and are the most common type of accountants you will find.
Find out more on chartered accounting at https://brainly.com/question/24538077.
#SPJ1
For billing and collection purposes, companies keep a separate accounts receivable account for each customer called a ______ account. Multiple choice question. subsidized general temporal subsidiary temporary
A subsidiary account are the separate accounts of receivable account for each customer mostly from billing and collection purposes.
What are subsidiary account?This refers to an account kept within a subsidiary ledger which is then summarizes into a control account in the general ledger.
Hence, it is also the separate accounts of receivable account for each customer mostly from billing and collection purposes.
Therefore, the Option D is correct.
Read more about subsidiary account
brainly.com/question/16046062
#SPJ1
When marginal costs change depending on the level of activity, a(n) ______ cost behavior pattern exists.
When marginal costs change depending on the level of activity, curvilinear cost behavior pattern exists.
What are curvilinear costs?An expense that rises at a variable rate as output volume rises is referred to as a curvilinear cost, also known as a nonlinear cost. To put it another way, this is an erratic cost that rises at varying rates as overall output rises.
What characteristics of cost behavior exist?Cost behavior describes how changes in business activities affect expenses. When creating the annual budget, a business management should be informed of cost trends so they can foresee whether any costs will rise or fall.
learn more about curvilinear cost behavior pattern here https://brainly.com/question/15208534
#SPJ4
Write down your income. Remember, income can come from the wages you earn through a job, or from gifts or allowances. Be sure to note all your sources of income in the appropriate area on your budget spreadsheet.
List your expenses. Start by making a list of whom you owe money to and commitments you have made on a regular basis each month. This list usually includes housing, utilities, savings, transportation, food, and personal expenses. You may need to spend a week or more tracking your expenses to see how much you actually spend.
Do the math! Add up your expenses and then subtract that total from your income. Are you spending more than you earn? Do you want to put more into savings and spend less on food? Now is the time to adjust your expenses to make sure you are living within your means and being realistic about how much you need to spend each month. (8 points)
The income as well as my expenses can be computed as :
Income yearly ; $10,0000
housing $2,000
utilities $500
savings $2,000
transportation $500
food $3000
personal expenses $1000
Expenses= $9,000
Income yearly=$10,0000
(Income yearly-Expenses)=$1000
What is income and expenses?Income serves as the money that is been received on a basis and expenses serves as those money that is been spent out.
Therefore, I can still save additional $1000 from my income.
Learn more about Expenses at:
https://brainly.com/question/14279491
#SPJ1
The total amount of output produced with a given amount of resources is known as the total.
The total amount of output produced with a given amount of resources is known as the total product.
What is the output?Output refers to something received from the manufacturing and production of raw materials by optimum utilization of resources. When we utilise raw materials in the manufacturing unit, the product we receive is refers as output.
The resources of a business include machines, types of equipment, raw materials, and manpower when these resources are combined together then, the output is received in the form of a total product.
Learn more about resources, here:
https://brainly.com/question/18448459
#SPJ1
Suppose the real exchange rate is 1.25 pounds of bananas in Guatemala per pound of bananas in the U.S. If a pound of bananas in the U.S. costs $.50, and the exchange rate is 10 Guatemalan Quetzals per dollar, what is the price of bananas in Guatemala
The price of a banana in Guatemala 2 quetzals per pound
E= e×(P/P*)
e=nominal exchange rate
E=real exchange rate
P=domestic price
P*=foreign price
1.25=5×(0.5/P*)
P*=2.5/1.25=2
On 13th July 2022, 1 US dollar equals 7.75Guatemalan Quetzal
The price of one currency relative to another is known as the exchange rate. When nations employ gold or another accepted standard, and each currency is worth a particular amount of the metal or other standard, the exchange rate is "fixed."
When supply and demand or speculation determine exchange rates, the exchange rate is "floating" (conversion units). When a nation imports a lot of products, the demand will drive up the country's exchange rate, increasing the cost of the imported products for domestic consumers. Demand declines when the price of the items rise, and the currency of that nation becomes less expensive in comparison to the currencies of other nations. Then the price of the country's goods drops to foreign consumers, demand rises, and exports grow.
Learn more about Exchange rates here
https://brainly.com/question/2202418
#SPJ4
According to the _____ perspective of organizational change, organizations and human systems are complex and evolving and cannot be reduced to a single objective of maximizing shareholder value. economic organizational learning political control
B) Organizational learning.
Organizational learning: What is it?Organizational learning is the process through which a company develops over time by gaining information and applying that understanding to experience. The newly developed information is subsequently shared inside the company.
All businesses should prioritize organizational learning since internal knowledge production, transfer, and retention strengthen the organization as a whole.
There are three primary acts to take into account when examining the definition of organizational learning:
Conceive Act ReflectLearn more about organizational learning with the help of the given link:
brainly.com/question/14316598?referrer=searchResults
#SPJ4
Discount points paid increases the yield of: Select one: a. Brokers. b. Lenders. c. Sellers. d. Buyers.
Discount points paid increases the yield of Lenders.
What is discount point?Discount points refers to those fees on a mortgage, which are paid up front to the lender, in return for a reduced interest rate throughout the period of the loan.
The meaning that loan discount points have is the fact that they are fees that are used to buy down rates.
Learn more about discount point here : https://brainly.com/question/19233623
#SPJ1
When an organization uses a name, phrase, design, symbols, or a combination of these to identify products and distinguish them from its competitors, it is engaged in Blank______.
A branding is used when an organization uses a name,design or symbols, to identify products and distinguish them.
What is a branding?This involves creation of a strong and positive perception of a company with elements as logo, design, mission statement etc.
Hence, the branding is used when an organization uses a name,design or symbols, to identify products and distinguish them.
Read more about branding
brainly.com/question/25754149
#SPJ1
The term used today to describe everything from paying customers to say positive things on the Internet to setting up multilevel selling schemes whereby consumers get commissions for directing friends to specific websites is
The answer is Viral Marketing.
"Viral" refers to something that spreads quickly and widely among its audience in the context of viral marketing.
Viral marketing aims to disseminate knowledge about a good or service from person to person using email, the internet, or word-of-mouth.
The aim of viral marketing is to get people to spread a marketing message to their friends, family, and other people in order to rapidly increase the number of people who receive it.
Even when a message spreads naturally, viral marketing is a conscious endeavor.
Social media thus offers the ideal environment for viral marketing, despite the fact that it originated in conventional word-of-mouth advertising.
Hence, the term used today to describe everything from paying customers to say positive things on the Internet to setting up multilevel selling schemes whereby consumers get commissions for directing friends to specific websites is Viral marketing.
Learn more about advertising:
https://brainly.com/question/14227079
#SPJ4
A financial services firm conducted an attitude survey and asked its employees to respond candidly to the survey questions. It was found that although employees were generally satisfied with their pay, they were dissatisfied with the organization's management style, promotion practices, and training programs. To manage these concerns, it is best recommended that HR _____.
To manage the concerns regarding employee dissatisfaction with the organization's management style, promotion practices, and training programs, it is best recommended that HR "hold group meetings with employees to convey the positive and negative survey results and get suggestions for improvements".
What is attitude survey?Employers utilise employee attitude surveys, also known as employee opinion surveys, to get feedback about their business from staff members.
Importance of attitude survey are-
Employee attitude surveys allow your staff the chance to anonymously share their thoughts on your business. These surveys are a crucial tool for firms to gauge employee motivation, job satisfaction, and attitudes.The most popular method for gauging employee engagement and receiving input on their thoughts and attitudes is through surveys. The best surveys may be completed and submitted anonymously, which boosts participation rates and encourages employees to be more sincere in their comments.Therefore, a management tool used by business owners or managers to learn about the views and opinions of their employees on matters relating to the firm and their function within the organization is the employee attitude survey.
To know more about job satisfaction survey, here
https://brainly.com/question/26962045
#SPJ4
The _____ theory of education argues that a college degree credibly _____ to potential employers that you are intelligent, hardworking, and able to complete assignments.
The signaling theory of education argues that a college degree credibly
signal to potential employers that you are intelligent, hardworking, and able to complete assignments.
Prospective employers approach any business enterprise to which a potential employee has made software, both oral or written, or forwarded a resume or other correspondence expressing an interest in employment.
Understanding of the company suggests your interest in and exuberance for the location's enthusiasm. It additionally helps you make a terrific first effect and indicates that you are nicely prepared.
New organization manner, as decided by means of the Committee in its sole discretion, a player's business enterprise immediately following an alternate in control, the agency, any successor to the company, or the entity as a consequence of a spin-off from the organization, or the discern or a subsidiary of the sort of entities.
Learn more about the potential employers here: https://brainly.com/question/1304005
#SPJ4
Opening the economy to trade tends to A. lower the multiplier because an increase in expenditure leads to more exports. B. lower the multiplier because an increase in expenditure leads to more imports. C. increase the multiplier because an increase in expenditure leads to more exports. D. increase the multiplier because an increase in expenditure leads to more imports.
(A) Lower the multiplier because an increase in expenditure leads to more imports.
What is trade?
The transfer of commodities and services from one person or entity to another, frequently in exchange for money, is referred to as a trade. Economists define a market as a structure or network that allows commerce.The Gift economy, an early type of trade, saw the exchange of commodities and services without an express agreement for immediate or future rewards. A gift economy involves the exchange of goods without the use of money. Modern traders typically bargain using a medium of exchange, such as money. As a result, purchasing can be distinguished from selling or earning.What happens when the economy is open to trade?
Trade helps to improve global efficiency. When a country opens up to commerce, capital and labor flow to businesses that make better use of them. This movement raises the standard of living in society.Reduce the multiplier since an increase in expenditure leads to an increase in imports.Reason -As it is given that opening an economy to trade lowers the multiplier since an increase in expenditure leads to more imports.
Therefore, opening the economy leads to (A) Lower the multiplier because an increase in expenditure leads to more imports.
Know more about an economy here:
https://brainly.com/question/1106682
#SPJ4
Marshall Corporation incurred costs for materials and labor needed to manufacture its products. These costs are examples of:
The accurate solution to the query that "Marshall Corporation incurred costs for material and labor needed to manufacture its product, are examples of period costs.
Characteristic of period costs-
A period cost is any value that can not be capitalized into prepaid expenses, inventory, or constant assets. A period cost is closely related to the passage of time than with a transactional event. Since a period cost is largely usually charged to expense at once, it can more accurately be known as a period expense.
Period prices are prices that can not be capitalized on a company’s balance sheet. In different words, they may be expensed withinside the period incurred and found at the income statement.
learn more about material costs here: https://brainly.com/question/18365833
#SPJ4
Sparty Corporation has provided the following information for its most recent year of operation: Revenues earned were $88,000, of which $8,000 were uncollected at the end of the year. Operating expenses incurred were $39,000, of which $8,000 were unpaid at the end of the year. Dividends declared were $12,000, of which $1,000 were unpaid at the end of the year. Income tax expense is $18,130. What is the amount of net income reported on Sparty's income statement
The amount of net income reported on Sparty's income statement is (D) $30,870.
What is revenue?The total amount of income earned by the sale of goods and services connected to the principal operations of the firm is referred to as revenue in accounting. Commercial revenue is often known as sales or turnover. Some businesses make money by charging interest, royalties, or other fees.What are dividends?A dividend is a profit distribution made by a corporation to its shareholders. When a corporation makes a profit or has a surplus, it can pay a portion of the earnings to shareholders as a dividend. Any money that is not dispersed is re-invested in the company.To find the amount of net income reported on Sparty's income statement:Use the following formula -
Net Income = Total Revenue - Total Expenses
Net income = 88,000 - 39,000 - 18,130 = $30,870
Therefore, the amount of net income reported on Sparty's income statement is (D) $30,870.
Know more about net income here:
https://brainly.com/question/25906113
#SPJ4
Complete question:
Sparty Corporation has provided the following information for its most recent year of operation: Revenues earned were $88,000, of which $8,000 were uncollected at the end of the year. Operating expenses incurred were $39,000, of which $8,000 were unpaid at the end of the year. Dividends declared were $12,000, of which $1,000 were unpaid at the end of the year. Income tax expense is $18,130. What is the amount of net income reported on Sparty's income statement?
(A) $30,970
(B) $23,310
(C) $23,940
(D) $30,870
When the price of a complementary good increases the demand curve for the original product will increase and price and quantity of the product will increase. True or false?.
When the price of a complementary good increases the demand curve for the original product will increase and the price and quantity of the product will increase. Is False
In economics, a demand curve is a graph that shows the relationship between the price of a particular commodity (y-axis) and the quantity of that commodity required at that price (x-axis). Demand curves can be used either for individual consumer price-volume relationships (individual demand curves) or for all consumers in a particular market (market demand curve).
Generally, the demand curve is assumed to be sloping downwards, as shown in the figure next to it. This is due to the law of demand. For most products, the higher the price, the lower the demand.
Certain unusual circumstances do not comply with this law. These include Veblen goods, Giffen goods, and speculative bubbles, and as prices rise, buyers are attracted to the goods.
Learn more about the Demand curve here: https://brainly.com/question/14297698
#SPJ4
As an alternative to selling shares of stock as a means of raising funds, a large company could, instead, a. use equity finance. b. purchase bonds. c. invest in physical capital. d. sell bonds.
A large company could use selling bonds as an alternative to selling shares of stock as a means of raising funds.
What do you mean by bond selling?The company will look for potential buyers on the market. When the company acts as principal, as it does in the majority of bond transactions, it either sells you a bond that it already has (a process known as selling the bond from inventory) or purchases the bond from you for its own inventory.
The majority of bonds pay interest twice a year until they mature. The right to receive interest payments is forfeited if a bond is sold before its maturity date.
To know more about bond selling refer to: https://brainly.com/question/23032254
#SPJ4
In the late 1990s and early 2000s, many large U.S. corporations were found to have engaged in massive financial frauds. Many of these frauds were perpetrated by the CEOs and other senior officers. In response, Congress enacted the ____________.
Many of these frauds were perpetrated by the CEOs and other senior officers. In response, Congress enacted the Sarbanes-Oxley Act of 2002.
Why Is the Sarbanes-Oxley Act Important?
Federal legislation known as the Sarbanes-Oxley Act of 2002 imposed stringent financial and auditing standards for publicly traded firms.
To assist shield shareholders, employees, and the general public from accounting mistakes and dishonest financial activities, legislators enacted the legislation. The new set of regulations was held accountable by auditors, accountants, and corporate officers. The Securities and Exchange Act of 1934 and the Investment Advisers Act of 1940, two statutes that the Securities and Exchange Commission (SEC) enforces, were amended and expanded by these rules. The Sarbanes-Oxley Act is enforced by the SEC. The Act primarily focuses on the following areas:
Increasing the severity of punishmentAccounting guidelinesNew safeguardsCompany accountability.What advantages does the Sarbanes-Oxley Act offer?However, several business leaders agreed that adjustments were needed and believed the Act may encourage better financial procedures that would benefit businesses and their stakeholders.
Indeed, as the law was fully implemented over the following years, even those of those who were first dubious of the Act came to see its advantages.
Supporters of the bill specifically stated that the Act strengthened controls, standardized processes, improved paperwork, strengthened board monitoring helped businesses improve their financial management.
Additionally, studies show that the Act raised investor confidence.
Learn more about the Sarbanes-Oxley Act of 2002 with the help of the given link:
brainly.com/question/14924522?referrer=searchResults
#SPJ4