What Is One of the Primary Reasons Why Securities Commissions

question 21

Multiple Choice

What is one of the primary reasons why securities commissions are often ineffective enforcement agencies for accounting standards?

• A)Lack of knowledge
• B)Lack of financing
• C)Lack of independence
• D)Lack of support from professional accounting bodies

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Definitions:

Norms, Values

The rules that a group uses for appropriate and inappropriate values, beliefs, attitudes, and behaviors.

Unconscious Mind

A part of the mind that influences thoughts and behavior without one's awareness, a concept fundamental in psychoanalytic theory.

Feral Children

Denotes children who have lived isolated from human contact from a very young age, with no or little experience of human care, behavior, or human language.

Generalized Other

The perspectives and expectations of a network of others (or of society in general) that a child learns and then takes into account when shaping his or her own behavior.