Identify the Correct Statement About the Securities and Exchange Commission

question 65

Multiple Choice

Identify the correct statement about the Securities and Exchange Commission (SEC) .

• A) SEC rules prohibit the dollar value of extra benefits from being disclosed to shareholders.
• B) It is a limited regulatory commission with five members,one of whom serves as chairman,appointed by the governor for five years.
• C) It now has a staff of 3,500 and an annual budget of approximately $900 million.
• D) Under SEC rules,a company can reject a proposed resolution for any of 30 reasons.

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Definitions:

Deceive

To mislead or trick someone into believing something that is not true.

Business

The activity of making, buying, or selling goods or providing services in exchange for money.

Spelled Correctly

Correct formation of words with the proper letters in their conventional order.

Look-alike/sound-alike Error

A mistake that occurs due to confusion between words that appear similar or sound similar but have different meanings.