Which of the following statements about the ethical climate of business is false?
A) Greedy corporate executives are, in part, to blame for the rash of corporate scandals that occurred not too long ago.
B) Unethical business behavior can have a negative impact on our economy.
C) The Sarbanes-Oxley Act strives to improve the overall quality of corporate reporting.
D) The Robinson-Patman Act strives to improve the overall quality of corporate reporting.
E) Corporate scandals have served as the accounting profession's wake-up call to pay increased attention to ethical issues in the conduct of business.

Question

Quizplus · Accepted Answer

The Robinson-Patman Act is actually focused on preventing unfair competition and price discrimination, not on improving the quality of corporate reporting. The Sarbanes-Oxley Act is the one aimed at enhancing corporate reporting and accountability.

Which of the Following Statements About the Ethical Climate of Business