The Role of the Australian Securities and Investments Commission Is

question 26

Multiple Choice

The role of the Australian Securities and Investments Commission is to:
I. enforce and administer the Corporations Act.
II. make information about companies and other bodies available to the public as soon as practicable.
III. issue accounting standards for reporting entities.
IV. maintain, facilitate and improve the performance of the financial system and entities in it.

• A) I, II, III and IV.
• B) I, III and IV only.
• C) I, II and IV only.
• D) II and III only.

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Definitions:

Research And Development (R&D)

The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Diminishing Returns

A principle in economics that states after a certain point, the addition of a factor of production results in smaller increases in output.

Incremental Changes

Small, step-by-step modifications made to improve a process, product, or service over time.

Idea Generation

The creative process of generating, developing, and communicating new concepts or solutions.