Which of the Following Statements Regarding Securities Law Is Not

question 37

Multiple Choice

Which of the following statements regarding securities law is not true?

• A)ignorance is an acceptable defense
• B)security regulators may alter your investment agreement to the benefit of the investors
• C)the Securities Act of 1933 gives the SEC broad civil procedures to use in enforcement
• D)the Securities Act of 1933 gives the SEC some criminal procedures to use in enforcement

---

Definitions:

Top-Down Budgeting

A budgeting approach where the budget is created by the top management and then distributed down through the ranks of the organization.

Sales Forecasts

Predictions of the future sales performance of a company, typically based on historical data, market trends, and economic conditions.

Participative Budgeting

A budgeting process where employees at all levels are involved in the development of the budget, enhancing its acceptance and usefulness.

Zero-based Budgeting

A budgeting method that starts from a "zero base" every period, requiring all expenses to be justified for each new period, as opposed to being carried forward.