Making quick decisions is the sign of an effective manager in Japan while it is often viewed as impulsive in the United States
Indicate whether the statement is true or false.
F
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The Securities Exchange Act of 1934
A. Regulates the public trading of previously issued securities through brokers and exchanges. B. Prohibits blue sky laws. C. Regulates the initial offering of securities by a company. D. Requires the registration of investment advisers.
A CPA who fraudulently performs a professional service will
A. Probably be liable to any person who suffered a loss as a result of the fraud. B. Be liable only to the corporation and to third parties who are members of a class of intended users of the financial statements. C. Probably be liable to the corporation even though its management was aware of the fraud and did not rely on the material misrepresentation. D. Be liable only to third parties in privity of contract with the CPA.