Answer:
The boss is correct.
Explanation:
Under Sarbanes-Oxley Act, a rules-based approach to corporate governance and reporting is used. It is based on the view that companies must be
required by law (or by some other form of compulsory regulation) to comply with established principles of good corporate governance.
Except in the instances of exceptions provided in the act, company has no choice than to comply regardless of the cost implication because non-compliance is punishable under the act. Sometimes, it is called tick box approach
This is contrary to what is obtainable in a principled-based approach where allowance is given for explanation in the event of possible con-compliance.
Answer: Easy to invoke and collect
Explanation:
To make claims on services and get paid can be a stressful journey sometimes. As most organization would require you provide much evidence for the claims you are making. What makes it more stressful is the number of organizations involved to make the claims a success, this is why most times they are not easy to invoke and reclaim. Most persons would rather bear the loss than go through the process. This is what Shelly has to consider while making her claim.
Answer: The correct answer is D) It is a problem caused by agents pursuing their own interests rather than the interests of the principals who hired them.
Explanation: A principal in the context of a business is the owner of the business which in most cases are the shareholders. While the agents are those employed or hired to engage in the day to day activities of the business.
The principal most often aims to maximise shareholders wealth. Principal- agent problem may arise where the agent s of the business put their interests as priority as against the interests of the principal. Such interests of the agents may be to earn bonuses even if it would jeopardize the growth of the organisation.This is an ineffective way of running an organization.
Common property is an ownership fence, which applies to resources like land that more than one individual owns jointly.
<h3>What does the term "common property" mean?</h3>
Natural resources that are owned and managed jointly by a society or community rather than by a single person are known as common property (environmental).
<h3>What sort of things are common property?</h3>
Common facilities found within areas designated and administered as "common property" include gardens, tunnels, walls, pathways, roadways, stairs, lifts, foyers, and fences.
<h3>How do common property and public property differ from one another?</h3>
Public properties are real estate that is owned and proactively managed by public entities and is put to use for public purposes. Private properties are the lands and structures that are held by people and businesses. Private property owners have the right to use, occupy, sell, or lease their properties.
learn more about common property here <u>brainly.com/question/22370263</u>
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