Which of the Following Observations Concerning Backdating of Options Is

question 13

Multiple Choice

Which of the following observations concerning backdating of options is true?

• A)It will not result in restatement of financial statements.
• B)The extraordinary timing and frequency of occurrences defied statistical probability.
• C)There is no concrete evidence that managers gained because of this practice.
• D)It is a legal way of compensating managers who perform exceedingly well.

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Definitions:

National Security Agency

A U.S. government agency responsible for global monitoring, collection, and processing of information and data for foreign and domestic intelligence and counterintelligence purposes.

Domestic Telephone Conversations

Phone calls made within a country's borders, as opposed to international calls which cross country lines.

President Bush

A title that may refer to either George H. W. Bush (41st President of the United States, serving from 1989 to 1993) or his son George W. Bush (43rd President, serving from 2001 to 2009), both of whom played significant roles in U.S. and international politics.

2000 Election

Refers to the United States presidential election of 2000, which was highly contested and resolved by the Supreme Court, resulting in George W. Bush's victory over Al Gore.