As the Bernard Madoff's Ponzi Scheme Makes Clear,when Making an Investment

question 52

Multiple Choice

As the Bernard Madoff's Ponzi Scheme makes clear,when making an investment decision,it is important not only to review the firm's ________,but also to consider ________ who prepare the statement in the first place.

• A) balance sheet; the reliability and reputation of the auditors
• B) Financial Statements; the reliability and reputation of the government offices
• C) Financial Statements; the reliability and reputation of the auditors
• D) Financial Statements; the reliability and reputation of the bookkeepers

---

Definitions:

Socioeconomic Status

A composite measurement based on an individual's or group's economic and social position in relation to others, based on income, education, and occupation.

Family Structure

The composition and organization of a family unit, including the relationships and roles between its members, which can vary widely across different cultures and societies.

Judicial Proceeding

A proceeding or action brought in a court to resolve a dispute or enforce a right.

Public Law

A body of law that governs relationships between individuals and the government, including constitutional, administrative, and criminal laws.