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Question
(p. 640) Identify the correct statement about the Securities and Exchange Commission (SEC).
A. SEC rules prohibit the dollar value of extra benefits from being disclosed to shareholders.
B. It is a limited regulatory commission with five members, one of whom serves as chairman, appointed by the governor for five years.
C. It now has a staff of 3,500 and an annual budget of approximately $900 million.
D. Under SEC rules, a company can reject a proposed resolution for any of 30 reasons.
Answer
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