Rand, an Accountant, Includes a False Statement in a Report

question 8

Multiple Choice

Rand, an accountant, includes a false statement in a report for Social Media Inc. that is filed with the Securities and Exchange Commission. When Teo buys stock in Social Media and loses money on the investment, he files a suit against Rand, alleging fraud under the 1934 Securities Exchange Act. To avoid liability, Rand can show that he

• A)intended to defraud Social Media, not Teo.
• B)intended to profit on stock trades generally, not only Teo's.
• C)is an otherwise competent accountant.
• D)had no knowledge that the statement was false.

Identify and explain the contributions of key sociological theorists such as Max Weber, Karl Marx, Émile Durkheim, and Michel Foucault.

Recognize the influence of gender, race, and other social factors on life chances and societal outcomes.

Apply the principles of critical sociology to analyze everyday situations and challenge societal norms.

Understand the dynamics between macro-level and micro-level processes in society.