Which of the Following Statements Is FALSE

question 24

Multiple Choice

Which of the following statements is FALSE?

• A)Organisations such as the Australian Securities and Investments Commission (ASIC), the Australian Securities Exchanges (ASX), and other regulatory authorities adopted new standards that focused on more thorough financial disclosure, greater accountability, and more stringent requirements for the board of directors.
• B)Several high profile corporate scandals during the early part of the twenty-first century prompted tougher regulations designed to address corporate abuses.
• C)The major advantage of undertaking an IPO is also one of the major disadvantages of an IPO: When investors diversify their holdings, the equity holders of the corporation become more concentrated.
• D)Once a company goes public, it must satisfy all of the requirements of public companies.

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Definitions:

Economically Disadvantaged

Referring to individuals or groups that experience a lower standard of living due to a lack of income, wealth, or access to basic resources.

Legal Issues

Challenges or disputes that arise in the interpretation and application of laws.

Employment-At-Will

A legal doctrine stating that an employer can terminate an employee at any time, for any legal reason, and similarly, the employee can quit at their discretion.

Legal Remedy

The means by which a court of law enforces a right, imposes a penalty, or makes another court order to impose its will.