The accurate statement about the Securities and Exchange Commission is:
- <u>C. It is an independent agency that regulates finance</u>
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The Securities and Exchange Commission is a government agency that is in charge with protecting the financial interests of the country and making sure that the economy is stable.
Some of the common misconceptions about the SEC are that:
- They can convict people of crimes without a trial
- They are a part of the government’s cabinet department.
- It is associated with the legislative branch.
However, these are all wrong because their activities are totally independent and they regulate finance.
Therefore, the correct answer is option C
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According to “Congress and the Quest for Power” by Lawrence Dodd, people enter politics because of their quest for power.
<h3>Dodd asserts that “
reelection” is necessary for three reasons. What are these three reasons?</h3>
The three reasons why reelections are required are:
- Personal Power
- Aura of Personal Legitimacy
- Opportunity go gain expertise and experience.
<h3>The “electoral connection” will lead members of Congress to emphasize what traits? </h3>
The “electoral connection” will lead members of Congress to emphasize :
- Form over substance
- Position Taking
- Advertisement
- Credit claiming.
<h3>What traits or actions will they begin to care about less?</h3>
The traits or actions they begin to care about less are:
- Failure to take clear and controversial positions;
- Failure to make hard choices
- Failure to exercise power.
<h3>What motive causes each member of Congress to be in conflict with each other?</h3>
The need to exercise power for making key policy decisions.
<h3>Where do Congress members spend the most time? Why?</h3>
They spend most of their time in:
- the committee or sub committee rooms
- in caucus meetings; or
- Office work related to legislation.
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