Which of the Following Is True with Regard to Securities

question 61

Multiple Choice

Which of the following is true with regard to securities regulation in foreign markets?

• A) Anti-fraud provisions apply where there is conduct in the U.S. relating to a violation of the federal securities laws.
• B) Foreign issuers who issue securities must register them in the U.S. unless an exemption is available.
• C) No specific regulations are allowed because of the act of state of doctrine.
• D) None of these are true.

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Definitions:

Direct Material

Raw materials that are directly involved in the production process of a product and can be easily traced to it.

Steel

An alloy of iron and carbon (and possibly other elements) that is hard, strong, and used as a structural and fabrication material.

Lumber

Wood that has been processed into beams and planks, a stage in the process of wood production.

Period Costs

Expenses that are not directly tied to the production of goods, such as selling, general, and administrative costs, and are expensed in the period they are incurred.