Which of the Following Is True of Top Managers

question 74

Multiple Choice

Which of the following is true of top managers?

• A)They are often called supervisors.
• B)They are responsible for daily supervision of the nonmanagerial employees.
• C)They spend more time leading and controlling than planning and organizing.
• D)They do not establish organizational goals.
• E)They have cross-departmental responsibility.

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Definitions:

Fraudulent Statements

False or misleading statements made intentionally to deceive, which can result in legal action for fraud.

Audit Liability

The legal responsibility auditors face for failing to detect or report inaccuracies in financial statements.

Securities Exchange Act

A U.S. federal law enacted in 1934 to govern the trading of securities, such as stocks and bonds, in the secondary market, aiming to promote transparency, fairness, and integrity in the marketplaces.

SEC Rule 10b-5

A regulation by the Securities and Exchange Commission that prohibits fraud and misrepresentation in securities trading.