Which of the Following Statements Is True of the Private

question 90

Multiple Choice

Which of the following statements is true of the Private Securities Litigation Reform Act of 1995?

• A) It made it easier for plaintiffs to bring class action securities lawsuits.
• B) It replaces proportionate liability with joint and several liability.
• C) It results in the accountant being the "deep pocket" defendant regardless of the accountant's degree of fault.
• D) It allows joint and several liability to be imposed if the defendants acted knowingly.

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Definitions:

Changing Demographics

The variation in the population's size, distribution, age, gender, or ethnicity over time.

Privatization Movement

The process or trend of transferring ownership and management of public sector enterprises or services to private individuals or corporations.

Multicultural Organization

An organization characterized by a workforce from diverse cultural backgrounds, aiming to foster inclusivity and mutual respect.

Diversity-Related

concerns, policies, practices, or issues that relate to the inclusion and representation of different demographic groups and perspectives.