Having Regard to a Number of High-Profile Situations Where Improper

question 61

Multiple Choice

Having regard to a number of high-profile situations where improper practices resulted in share market volatility,losses to individual shareholders,and possible breaches of existing legislation,the Commonwealth government transferred responsibility in 1991 for the administration of Corporations Law to:

• A) the Australian Securities Exchange.
• B) the Australian Securities and Investments Commission.
• C) individual state government corporate governance authorities.
• D) the Australian Consumer and Competition Commission.

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Definitions:

Static Theory

Static theory describes a situation or model in economics that does not account for changes over time, analyzing a fixed point or period instead.

Capital Structure

The mix of various forms of external funds used to finance a company's operations, typically consisting of debt and equity.