Asked by Taylor Morrison on May 12, 2024
Verified
The U.S.Sarbanes-Oxley Act:
A) has no impact on the supply management process.
B) affects internal accounting procedures of privately-held companies.
C) requires the Chief Purchasing Officer to sign off on every contract.
D) requires listing off-balance sheet items such as long-term purchase agreements.
E) requires supply management to report directly to the Chief Financial Officer.
Sarbanes-Oxley Act
A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.
Supply Management
A strategic approach to planning, procuring, and coordinating materials and services needed to support company operations.
Off-Balance Sheet Items
Financial obligations or assets not recorded on a company's balance sheet, often involving potential liabilities.
- Gain insight into the role of legal frameworks and regulations in shaping supply chain management, particularly in terms of liability and regulatory compliance.
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Learning Objectives
- Gain insight into the role of legal frameworks and regulations in shaping supply chain management, particularly in terms of liability and regulatory compliance.
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