Which of the Following Statements Is NOT True

question 52

Multiple Choice

Which of the following statements is NOT true?

• A)The SEC has authority to accept or reject financial accounting principles and standards developed by the FASB.
• B)The Sarbanes-Oxley Act places great emphasis on internal controls and fraud prevention.
• C)Because of the Sarbanes-Oxley Act, it is probable that the FASB's conceptual framework will become less important in developing accounting principles and standards.
• D)The American Institute of CPA's has in the past had strong influence on the development of accounting principles.

Analyze the influence of figures like Huey Long and Francis Townsend on New Deal policies.

Identify the implications of Roosevelt’s election for American industrial workers and labor movements.

Examine the focus and key elements of the Second New Deal and its impact on workplace democracy and economic security.

Understand the dynamics of wages determination in different market conditions, including monopsonistic and unionized environments.