Which of the following statements regarding the Securities and Exchange Commission (SEC) is not true?

A. SEC rules frequently require disclosures in addition to those required by GAAP.
B. Public companies must register with the SEC.
C. The SEC is a private professional organization.
D. The SEC has the authority to establish and enforce accounting rules for public companies.


Answer: C

Business

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Mark and Jack work as clerks at the New Bank of North America, which they plan to rob

In order to plan and execute the robbery, Mark and Jack obtained the floor plans of the bank and studied the security arrangements and movements of security personnel. They even got weapons, in case force is required, as they plan to rob the bank during working hours. But the police got information about the plan and arrested Mark and Jack, and thus prevented the robbery from taking place. Which of the following crimes has been committed by Mark and Jack? A) criminal conspiracy B) extortion C) money laundering D) larceny

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If Carol Reece is a charismatic leader, which of the following characteristics is she most likely to possess?

A. a strong need to be in control B. a lack of sensitivity to environmental constraints C. an external locus of control D. a willingness to take risks to achieve her vision

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A cover message should motivate ________ in the closing paragraph by asking confidently for an interview

Fill in the blank(s) with correct word

Business

If we had a ____ printer, we could make professional-quality prints at home

A) better B) more better

Business