Under the Securities Fraud Enforcement Act, when may a brokerage house be fined?
a. If it knew or recklessly disregarded information that would indicate insider trading activities on the part of its employees.
b. Whenever an employee is found guilty of insider trading.
c. If it was negligent in failing to discover insider trading.
d. A brokerage house may not be fined under the Act.
a
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The differences between strategic planning and operational planning are primarily ______.
a. time frame and management level involved b. time frame and expense c. company type and management level involved d. company type and expense
Roseland Company uses the periodic method of accounting for inventory. Unfortunately, the sales manager of Roseland Company failed to record a valid sale on account of merchandise that had been shipped to a customer prior to the end of the current year. However, he did exclude the merchandise from inventory at the end of the current year. As a result of this error, Roseland Company's
a. total assets are overstated for the current year. b. total expenses are understated for the current year. c. net income is overstated for the current year. d. total assets are understated at the end of the current year. e. none of the above
Process costing accumulates costs by processing departments rather than by individual jobs
Indicate whether the statement is true or false
PERT and CPM both seek to find the ________ sequence of activities in a project.
What will be an ideal response?