Which of the Following Statements Regarding the SEC Is Not

question 130

Multiple Choice

Which of the following statements regarding the SEC is not true?

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

---

Definitions:

Early Versions AutoShift AMTs

The initial models of Automated Manual Transmissions that automate gear shifts for improved driving comfort and efficiency, requiring less input from the driver.

Variable Capacitance Sensors

Sensors that measure changes in capacitance, often used to detect levels, pressures, or positions of various materials.

Inertia Brake

A type of braking system that uses the inertia of the vehicle to apply force to slow or stop the vehicle.

RoadRanger AMTs

A brand of Automated Manual Transmissions (AMTs) designed for heavy-duty trucks, known for their efficiency and durability.