<u>ANSWER:</u>
The correct option is A: The country was in recession.
<u>EXPLANATION:</u>
- When Obama became the president in 2009, the country was in great recession and financial crisis. Obama's main challenge was to fight and do away with the recession of 2008 that had hit the country hard.
- Obama was successful in fighting this recession. He not only announced an economic stimulus package for the country but also cut taxes and funded public works.
- By investing in the country, Obama was able to get the country out of recession in a few years.
<span>The chief characteristic of the functionalist approach is a view of society that is orderly and stable. The functionalist approach sees society as a place that promotes balance and solidarity between its people. This view was formed by the work of French sociologist Emile Durkheim who questioned social order.</span>
Answer: Ultramares corporation v. Touche established Ultramares doctrine. Hochfelder v. Ernst & Ernst ruled that scienter is required before CPAs can be held liable.
Explanation:
All the options except the above are true. Ultramares corporation v. Touche did establish the Ultramares doctrine.
United States v. Natelli sentenced two CPAs to prison for a year, in addition to fines, for violating the Securities Exchange Act of 1934.
Bily v. Arthur Young did not uphold the restatement doctrine. The restatement doctrine restatement doctrine makes an auditor liable to people who rely on the quality of his work be they his clients or third parties. Two high courts ruled that auditors are not liable to third parties who use their work but only to the party that contracted their work.
However, Hochfelder v. Ernst & Ernst ruled that an allegation of scienter (an intention to deceive) is not required before CPAs can be held liable as long as the actions constitute actual deception.
While rule 10b-5 of the Exchange Act states the presence of scienter as a requirement to commit an offense, the court ruled against the statute by eliminating the Scienter clause from criminal statute and ruled against Ernst & Ernst.
Ebay and akibento (if in store)
Shows the situation of Japan after the bombing.
On the night between March 9 and 10, 1945, 334 B-29 bombers rained hell over the densest city on the planet. Nearly half a million incendiary bombs hit Tokyo in Operation Meetinghouse, probably the worst mass bombing of civilians by aerial bombing ever. Their numbers, estimated between 80,000 and 140,000 fatalities, are, on average, worse than those in Hiroshima (70,000 to 122,000).
