Which of the Following Legislation Limits Shareholders' Ability to Bring

question 27

Multiple Choice

Which of the following legislation limits shareholders' ability to bring class action suits against nationally traded companies?

• A)The Class Action Prohibition Act of 1997
• B)The Sarbanes-Oxley Act of 2002
• C)The National Securities Markets Improvement Act of 1996
• D)The Market Reform Act of 1990
• E)The Securities Litigation Uniform Standards Act of 1998

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Definitions:

Company Books Adjustment

The act of making entries or corrections to the financial records of a business to reflect accurate and up-to-date accounting information.

Safe Deposit Box

A secure container, usually found at a bank, where customers can store valuable personal items.

Bank Statement Adjustment

The process of modifying the balance on a bank statement to reflect transactions that have not been recorded by the bank by the end of the reporting period.

Company Books Adjustment

The process of altering entries in the accounting records to reflect more accurate figures or to record unrecorded transactions.