Which of the Following Is a Positive Statement

question 140

Multiple Choice

Which of the following is a positive statement?

• A) Driving speeds should be lowered so that fewer accidents will occur.
• B) When per capita income falls,fewer meals are consumed at restaurants.
• C) The minimum wage is too low;college students deserve a raise.
• D) Cigarette sales should be made illegal in order to reduce the incidence of cancer.
• E) Social Security is a good program for U.S.workers.

Acknowledge the significance and application of the EDGAR system in SEC reporting.

Grasp the concept of private placements and their exemption from registration.

Understand the legal consequences, including potential liability, of non-compliance with securities laws.

Recognize the scope and limitation of securities law in regulating insider trading and corporate governance.

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Definitions:

Total Materials Variance

The difference between the actual cost of materials used in production and the expected (or standard) cost, used to evaluate cost control.

Budgeted Units

The quantity of products or services that a company plans to sell or produce within a specific period, as outlined in its budget.

Actual Costs

The real costs incurred in the production of goods or services, including all expenses direct and indirect.

Materials Price Variance

The difference between the actual cost of materials and the expected cost, multiplied by the amount of materials purchased.