In direct response to the corporate scandals of Enron and WorldCom, the U.S. Congress passed the _______________.
A) Sarbanes-Oxley Act
B) Foreign Corrupt Practices Act
C) Robinson Patman Act
D) Sherman Antitrust Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in response to corporate scandals like Enron and WorldCom, in order to improve financial reporting and accountability for publicly traded companies. The Foreign Corrupt Practices Act addresses bribery of foreign officials by U.S. businesses, the Robinson Patman Act regulates price discrimination, and the Sherman Antitrust Act promotes competition and prohibits monopolies.

In Direct Response to the Corporate Scandals of Enron and WorldCom