Which of the Following Statements About the Legal Environment in the United

question 308

Multiple Choice

Which of the following statements about the legal environment in the United States is not true?

• A) Individual managers are not subject to criminal penalties-only their employer can be punished.
• B) Consumer protection laws are not new.
• C) Many laws try to promote competition among firms.
• D) A commission has authority to oversee product safety.
• E) The Food and Drug Administration controls manufacturers of these products.

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Definitions:

Par Value

The nominal or face value of a bond, stock, or other financial instrument, serving as a reference point for its worth.

Current Market Price

The price at which an asset or security can currently be bought or sold in the market.

Effective Annual Yield

The interest rate on an investment, expressed on an annual basis, taking into account the effect of compounding.

Semi-annually

Refers to an event occurring twice a year, or every six months.