In 1998, the SEC required that portions of mutual fund prospectuses must be written in easily understood "plain" English.

a. true
b. false

Ans: a. true

Business

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Which of the following is a perceived disadvantage of Kantian ethics?

A) It treats morality as if it were an impersonal mathematical calculation. B) It does not allow people to have subjective notions of right and wrong. C) It is based on universal rules that have no common consensus. D) It distinguishes between the morality one uses to judge others and the morality one uses on oneself.

Business

A limited liability company ________

A) is similar to an S corporation in that it is a cross between a partnership and a corporation B) prevents owners who want to maintain their limited liability status from actively managing the company C) can have a maximum of 50 owners D) All of the above

Business