The Litigation Reform Act of 1995 Was Passed Because Of

question 16

Multiple Choice

The Litigation Reform Act of 1995 was passed because of:

• A) congressional concern over an excess of frivolous private securities lawsuits.
• B) the financial burdens placed on accountants and other professional advisors due to an excess of frivolous private securities lawsuits.
• C) concern that the investors in a class action lawsuit have their interests fairly represented.
• D) all of the above.

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Definitions:

Profit

The financial gain achieved when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the operation.

Global Warming

The long-term rise in Earth's average surface temperature, largely due to human activities such as burning fossil fuels.

Public Opinion

Refers to the values and attitudes of the adult population as a whole.

Social Construction

The theory that much of what is perceived as reality is shaped by the meanings and definitions that societies attach to phenomena, behavior, and concepts.