Which of the Following Is True of Section 24 of the Securities

question 42

Multiple Choice

Which of the following is true of Section 24 of the Securities Act of 1933?

• A) It imposes civil liability on any person who violates the provisions of Section 5 of the act.
• B) It imposes criminal liability on any person who willfully violates the 1933 act or the rules or regulations adopted.
• C) It imposes civil liability on persons who intentionally defraud investors by making misrepresentations of material facts in the registration statement.
• D) It exclusively regulates the sale of securities online.

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Definitions:

Marginal Cost

Marginal cost is the change in total production cost that arises when the quantity produced is incremented by one unit.

Variable Inputs

Inputs in production that can be adjusted based on the production volume, including labor hours and raw materials, distinguishing them from inputs that remain constant.

Labor

The effort involving both bodily and intellectual activities applied in generating goods and services.

AVC

Average Variable Cost, the total variable cost divided by the quantity of output produced.