Which of the Following Statements Is FALSE

question 25

Multiple Choice

Which of the following statements is FALSE?

• A)Backdating refers to the practice of choosing the grant date of a stock option retroactively,so that the date of the grant would coincide with a date when the stock price was at its low for the quarter or for the year.
• B)Unless it is reported in a timely manner to the IRS and to shareholders,and reflected in the firm's financial statements,backdating is illegal.
• C)The use of backdating suggests that some executive stock option compensation may not truly have been earned as the result of good future performance of the firm.
• D)By backdating the option the executive receives a stock option that is already out-of-the-money,with a strike price equal to the higher price on the supposed grant date.

Explain the concept of a void contract and know the conditions under which a contract becomes void.

Differentiate between valid, voidable, and void contracts.

Understand the legal implications and enforceability of oral contracts under the statute of frauds.

Comprehend the role and requirements of an offer and acceptance in the formation of a contract.

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Definitions:

Humanistic

An approach in psychology that emphasizes empathy and stresses the good in human behavior.

Community Programs

Initiatives or services provided at the local level aimed at improving the well-being of community members.

Antipsychotic Drugs

Medications used to treat psychiatric conditions by altering brain chemistry to improve symptoms like hallucinations and delusions.

Therapeutic Approaches

Various strategies and methodologies adopted by mental health professionals to treat psychological disorders and issues.