The statement that is is true concerning the company’s requirement to report to the SEC is that they a)Required to report major business developments and must file annual and quarterly financial reports.
<h3>
What is sec?</h3>
SEC serves as the organization that protects investors through enforcement of nation's securities laws, against wrongdoers, and overseeing our securities markets .
Therefore, option A is correct.
Other options for the question are:
a)Required to report major business developments and must file annual and quarterly financial reports.
b)Not required to report information to the SEC.
c)Requirement to file depends on the company’s assets and shareholder base.
d)Must file annual and quarterly financial reports
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It is easier to win monetary damages than a criminal conviction because the consequences of a crime is much severe than a monetary damage, the punishment differ when it comes between criminal and civil cases.
<u>Explanation:</u>
There is a massive difference between a crime and civil, a criminal case is a cause that affects the state, authorities as well as the public, like murdering a person, whereas a monetary damage affects the individual that was affected but not the state.
It is easier to win monetary damages than a criminal conviction because the consequences of a crime is much severe than a monetary damage, the punishment differ when it comes between criminal and civil cases.
A criminal conviction is persecuted by the state and even given imprisonment for years, whereas the punishment given for a monetary damage as much less consequences than criminal conviction.
Answer= Due process
I took civics
Pfizer paid $1billion to resolve allegations under the civil False Claims Act that the company illegally promoted four drugs—Bextra, anti-psychotic drug Geodon, antibiotic Zyvox, and anti-epileptic drug Lyrica
