Answer:
C) prohibited as a likely exaggeration
Explanation:
The statement being made by the adviser is prohibited as a likely exaggeration. An investment adviser has the moral obligation to advise the client so that they may increase their wealth safely through informed decisions. This does not include exaggerated price predictions. Regardless of past performance, an adviser cannot state that an asset will double in the near future or in the future in general because no one can know what will happen in the future and making such a prediction can be dangerous for the client.
Answer:
Sarbanes Oxley act of 2002 is law of United States passed on 30th July 2002. This act helps to protect investor from fraudulent financial reporting by organizations. The act requires all companies to include report on their internal controls in the Financial reports.
Explanation:
The section 302 of the act directs the Securities and Exchange Commission to adopt rules to adopt financial officer who certify company's annual, interim and quarterly financial reports. The main purpose is to minimize any chance of intentional frauds or deceive investors. The officers review financial reports of the company and certify that these reports does not cover any significant wrong statement, Financial statements of the company are fairly presented based on the knowledge of the officer. He is also responsible to review the report of internal controls of the company to ensure that there is no weakness in controls which can lead to frauds in the organization.
Answer: The correct answer is "B) Trade can make everyone better off.".
Explanation: <u>The principle that says that Commerce can make everyone better is the one that best describes this scenario.</u>
This happens because each state in question will specialize in what is most efficient. At the same time, the rest of the products in which they are most inefficient in terms of production will be imported.
Answer:
Results are below.
Explanation:
Giving the following information:
Initial investment= $1,000
Annual interest rate= 6% = 0.06
Number of periods= n
<u>To calculate the future value after "n" periods, we need to use the following formula:</u>
FV= PV*(1+i)^n
<u>For example:</u>
n= 6 years
FV= 1,000*(1.06^6)
FV= $1,418.52
