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.

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Definitions:

Civilian And Military

Pertains to the distinct difference or relationship between non-military individuals or aspects of life and those associated with the armed forces.

Continuity Of Care

The process of providing uninterrupted and consistent care to a patient or client over a period of time and across different levels of health care service.

Spiritual/Religious Practices

Rituals, customs, and activities undertaken by individuals or communities as expressions of their spiritual or religious beliefs and experiences.

Military Members

Individuals who serve in the armed forces, including the army, navy, air force, and marines, among others.