Which of the Following Statements Is Incorrect with Respect to the Structure

question 65

Multiple Choice

Which of the following statements is incorrect with respect to the structure of the SEC?

• A)It is composed of seven commissioners appointed by the president of the United States.
• B)The president selects one commissioner to chair the commission.
• C)Each commissioner serves a five-year term.
• D)Commissioners' terms are staggered.
• E)Commissioners meet to assess whether existing regulations are successfully preventing abuses and to revise the regulations as needed.

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Definitions:

Continuing Education

Ongoing learning activities aimed at personal development, professional growth, or maintaining professional licenses and certifications.

Ethical Problem

A situation that presents a moral dilemma, requiring an individual to choose between actions that are evaluated as right or wrong.

Conflict of Interest

A situation where an individual's or group's personal interests could potentially interfere with the ability to make impartial or ethical decisions in their professional role.

Leadership Qualities

Leadership qualities encompass the attributes and characteristics that make an individual effective at guiding, influencing, and managing others, including integrity, decisiveness, empathy, and resilience.