We said that the rationale for public policy is either market failure and/or government failure. Address the subsequent with this rationale in mind-

i ) Which definition best fits the Sarbanes- Oxley Act of 2002 ? Explain why.

We well-defined public policy as the way forward through decision making of a nation, state, or city.

a)Referring to the Sarbanes- Oxley Act , select one of the policy foundations as well as one of the policy type that best describes the policy goal.

b. Building upon the policy goal describe the political feasibility of the following:

i. What are/were the political hurdles in passing the bill (Sarbanes-Oxley) into law?

ii. Identify the major benefit and major cost associated with Sarbanes-Oxley.

iii. Is Sarbanes-Oxley law financially feasible - can it pay for itself?

c. American politics has always been about the competition of ideas about what people really want. Referring to the policy you are studying and identify the characteristics of whether Sarbanes-Oxley is liberal or conservative - or, perhaps it is neither. Explain.