Which of the Following Describes Why Canada's Regulation Changes Following

question 9

Multiple Choice

Which of the following describes why Canada's regulation changes following the Enron scandal were less strict than those in the United States?

• A)Canada has a national securities commission that can monitor firms more closely than the SEC in the United States.
• B)The same scale of corporate fraud had yet to be experienced in Canada.
• C)Canadian firms tend to have higher market capitalizations than U.S.firms,and the reporting costs of increased regulation place a greater burden on larger firms.
• D)Canada has a much larger percentage of public firms with a controlling shareholder,and these firms require less oversight than firms without concentrated ownership.
• E)Since Canadian firms report according to IFRS,their financial statements are likely to be more accurate.

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Definitions:

Menopause

The period in a woman's life, typically between the ages of 45 and 55, during which she ceases menstruating, marking the end of reproductive capability.

Routine Mammograms

Regularly scheduled breast x-rays recommended for early detection of breast cancer, typically advised for women over 40.

Nutraceuticals

Food-derived products that are purported to provide health or medical benefits beyond basic nutrition.

Acupuncture

A form of traditional Chinese medicine involving the insertion of very thin needles through the skin at specific points to alleviate pain or to treat various health conditions.