What Is the Primary Reason That Congress Passed the Securities

question 43

Multiple Choice

What is the primary reason that Congress passed the Securities Litigation Uniform Standards Act of 1998?

• A)To overturn the Private Securities Litigation Reform Act of 1995.
• B)As a result of concerns that plaintiff attorneys could get around the Private Securities Litigation Reform Act of 1995 by filing class action lawsuits involving nationally traded securities in state courts.
• C)To provide for joint and several liability rather than proportionate liability.
• D)To ensure that all publicly-held companies receive similar audits.

Understand how changes in resources prices and taxes affect a firm's cost curve.

Recognize the significance of opportunity costs in profit-maximizing firm decisions.

Explain the impact of economies and diseconomies of scale on firm's cost structures.

Understand the factors contributing to diseconomies of scale within large management structures.

---

Definitions:

Community Businesses

Small or local businesses that serve and are supported by the local community.

Immigration Rate

A measure of how many individuals move into a region compared to the total population of the area.

Non-Hispanic Whites

A demographic group consisting of people living in the United States who are of European descent and do not identify as Hispanic or Latino.

Ethnically Diverse

Referring to a population, organization, or area that includes people from a variety of ethnic, racial, and cultural backgrounds.