Under Securities Law, Knowingly Making a Misstatement in Company Reports

question 255

Multiple Choice

Under securities law, knowingly making a misstatement in company reports is a:

• A) criminal offense with fines up to $5 million and up to 20 years in prison
• B) criminal offense with fines up to $2 million, but no possibility of prison time
• C) criminal offense with fines up to $5 million, but no possibility of prison time
• D) criminal offense with up to 20 years in prison, but no possibility of fines
• E) criminal offense with up to 30 years in prison and $4 million in fines

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Definitions:

ID Numbers

Unique sequences of numbers assigned to individuals or entities for identification purposes.

Deans Teaching

A situation where deans, who are senior academic officials in universities, engage directly in teaching courses, usually in their field of expertise.

Charismatic Authority

Authority based in the perception of remarkable personal qualities in a leader.

Traditional Authority

A form of leadership where power is legitimized by longstanding custom, tradition, or religious beliefs.