Which of the Following Can an Accountant Use as a Defense

question 16

Multiple Choice

Which of the following can an accountant use as a defense to liability under Section 11(a) of the Securities Act of 1933?

• A)the nolo contendere rule
• B)the due diligence defense
• C)the Ultramares doctrine
• D)the foreseeability standard

---

Definitions:

Norepinephrine

A neurotransmitter and hormone associated with the body's fight-or-flight response, playing roles in attention, emotions, sleeping, dreaming, and learning.

Epinephrine

A hormone and neurotransmitter also known as adrenaline, involved in regulating heart rate, blood vessel and air passage diameters, and metabolic shifts; it plays a key role in the fight-or-flight response.

Social Withdrawal

The act of removing oneself from social interactions and activities, often due to feelings of depression, anxiety, or disinterest.

Increased Empathy

A heightened ability to understand and share the feelings of another.