The Securities Act of 1933 Has Two Basic Objectives,one of Which

question 52

Multiple Choice

The Securities Act of 1933 has two basic objectives,one of which is to:

• A) extend protection to investors trading in securities that are already issued and outstanding.
• B) grant the SEC power to impose administrative,civil penalties up to $500,000.
• C) regulate disclosure requirements on publicly held corporations.
• D) prohibit misrepresentation,deceit,and other fraudulent acts and practices in the sale of securities generally,whether or not they are required to be registered.

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Definitions:

Unit Sales

The measurement of the number of individual items or units sold by a company.

Monthly Target Profit

The specific amount of profit a company aims to achieve within a month.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, influenced by the proportion of fixed costs in total costs.

Net Operating Income

Income produced by a firm's regular activities, not including taxes and interest.