Its members are appointed by the senate for a term of four years.
It is responsible for implementing the federal securities laws.
It lacks the authority to frame rules regarding transactions of securities.
Its members are either lawyers or security analysts.
8 A system of equally applied law is a necessity for the foundation of a strong, productive economy because it:
allows economically strong nations to exploit the resources of weaker nations.
incentivizes private businesses to restrict job opportunities for welleducated people.
encourages strangers to make agreements on certainty and trust.
prohibits individuals from trading in modern private markets.
9
Which of the following scenarios illustrates a formalist approach to business decisions?
Selling products by deceiving customers about possible negative aspects of the products Monitoring employee browsing history without their consent to curb non-productive activities Informing new customers about delays in production schedules
Assigning significantly high productivity targets to reduce costs 10 A(n) __________ refers to the individual or business entity offering a security for sale to the public.