Which of the Following Statements Is False

question 25

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.

Acknowledge the role of digital records and electronic signatures in contract law.

Analyze the enforceability of contracts based on the intention of the parties and statutory requirements.

Identify circumstances under which a contract can be deemed void or unenforceable.

Understand the legal capacity required to enter into contracts and the exceptions based on age, mental condition, and status.

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Definitions:

Main Criticism

The primary or most significant objection raised against a particular idea, policy, or argument.

Restorative Justice

A system of criminal justice which focuses on the rehabilitation of offenders through reconciliation with victims and the community at large.

Parties/Entities

Groups or organizations engaged in or affected by a particular action, transaction, or legal case.

Death Penalty

A legal sanction where a person is put to death by the state as punishment for a crime, typically for the most serious offenses.