CHAPTER 45—SHIFTING LEGAL PRIORITIES FOR BUSINESS:
NEW HEALTH-CARE LAW REQUIRES CALORIC INFORMATION
A2. Thai Pizza Corporation is a restaurant chain with twenty locations. Under federal law,
Thai Pizza must post
a. the caloric content of the foods on the chain’s menu.
b. the recipes for the dishes on the chain’s standard menu.
c. the chain’s recommendations for the healthiest selections.
d. none of the choices.
CHAPTER 48—SHIFTING LEGAL PRIORITIES FOR BUSINESS:
ATTACKING THE ESSENCE OF THE SARBANES-OXLEY ACT
A3. Spreadeagle, Inc., is a publicly held company. Spreadeagle’s executives include Tybalt,
who serves as the firm’s chief financial officer. The Sarbanes-Oxley Act of 2002
provided for the establishment and appointment of a federal Public Company
Accounting Oversight Board (PCAOB). The PCAOB was created to
a. set and police auditing standards for publicly held companies.
b. oversee presidential appointees to federal accounting positions.
c. regulate the salaries of public company executives and others.
d. issue a revised set of international financial reporting standards.