Meri,an Accountant,includes a False Statement in a Report for Novelty

question 33

Multiple Choice

Meri,an accountant,includes a false statement in a report for Novelty Paper Products,Inc.(NPPI) that is filed with the Securities and Exchange Com?mission.When Otho buys stock in NPPI and loses money on the investment,he files a suit against Meri,alleging fraud under the 1934 Securities Exchange Act.To avoid liability,Meri can show that she

• A)intended to defraud NPPI,not Otho.
• B)intended to profit on stock trades generally,not only with Otho.
• C)is an otherwise competent accountant.
• D)was not aware her statement was false.

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Definitions:

Satisfying

Satisfying refers to meeting the needs or expectations, thus providing fulfillment or pleasure.

Cultural Diversity

The variety and multicultural aspect of differences among people, including those related to ethnicity, nationality, language, and religion.

Deep Diversity

Diversity that goes beyond surface attributes such as race and gender to include differences in values, experiences, and cognitive styles.

Cohesion

Refers to the degree of camaraderie and unity within a group, affecting its overall performance and member satisfaction.