Which of the Following Is Not True About a Prospectus

question 53

Multiple Choice

Which of the following is not true about a prospectus?

• A)The investment dealer helps in the preparation of the document and is legally liable.
• B)The CFO rather than CEO signs the document on behalf of the board of directors.
• C)All parties involved in the process are supposed to do their best to ensure the consistency of the information provided.
• D)It should be a detailed and honest disclosure of information about the firm.

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Definitions:

Undercontrolled

A personality trait describing individuals who have difficulty regulating their impulses and emotions.

Overcontrolled

Describing an individual who exhibits a high level of self-restraint, often at the expense of spontaneity or emotional expression.

Borderline

Often referring to borderline personality disorder, a condition characterized by difficulty in regulating emotions, resulting in unstable relationships, self-image, and behavior.

Psychopathic

Pertaining to or affected by psychopathy, a personality disorder characterized by persistent antisocial behavior, impaired empathy, and often criminal tendencies.