Which of the Following Is True

question 46

Multiple Choice

Which of the following is true?

• A)An AIS must be computerized to be useful
• B)An AIS always produces useful information
• C)An AIS always produces financial information
• D)none of these

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Definitions:

Registration Provisions

Legal requirements for the recording or listing of an item, transaction, or entity with a designated authority to make it legally recognizable and/or to regulate it.

Rule 163

Without a specific context, this refers to a regulatory or procedural guideline within a particular legal, financial, or institutional framework that may differ significantly in content across contexts.

1933 Act

Officially known as the Securities Act of 1933, this legislation was enacted to protect investors by requiring transparency in the financial statements of publicly traded companies.

Communications Not Deemed A Prospectus

Information shared about an investment opportunity that does not legally constitute a formal offer to sell securities.