Which of the Following Statements Is FALSE

question 10

Multiple Choice

Which of the following statements is FALSE?

• A)The Cadbury Commission stiffened the criminal penalties for providing false information to shareholders.
• B)The Exchange Acts of 1933 and 1934,among other things,established the Securities and Exchange Commission (SEC)and prohibited trading on private information gained as an insider of a firm.
• C)Many of the problems at Enron,WorldCom,and elsewhere were kept hidden from boards and shareholders until it was too late.In the wake of these scandals,many people felt that the accounting statements of these companies,while often remaining true to the letter of GAAP,did not present an accurate picture of the financial health of a company.
• D)While one study found that those firms that separated the position of CEO and chairman performed better,another found no relation between the independence of key board committees and firm performance in the post-Cadbury era.

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Definitions:

Ethmoid Bone

A delicate, spongy bone located between the eyes, forming part of the nasal cavity and the orbits of the eyes.

Special Senses

The senses that have specialized organs devoted to them, including vision, hearing, taste, and smell.

Obturator Foramen

The obturator foramen is a large opening in the pelvic bone through which nerves and blood vessels pass.

Bony Features

Characteristics or structures formed by bone, such as projections, depressions, and openings, that serve as sites for muscle attachment or passages for nerves and blood vessels.