1. The stated mission of the Securities and Exchange Commission (SEC) is to a. Protect investors. b. Maintain fair, orderly, and efficient markets. c. Facilitate capital formation. d. Do all of these 2. The Securities and Exchange Commission (SEC) a. Has no influence on the establishment of accounting standards but enforces them. b. Establishes all accounting standards. c. Delegates its authority to establish accounting standards to the FASB. d. Delegates its authority to establish accounting standards to individual states.

Use the above video link to answer the following questions. 1. The stated mission of the Securities and Exchange Commission (SEC) is to a. Protect investors. b. Maintain fair, orderly, and efficient markets. c. Facilitate capital formation. d. Do all of these 2. The Securities and Exchange Commission (SEC) a. Has no influence on the establishment of accounting standards but enforces them. b. Establishes all accounting standards. c. Delegates its authority to establish accounting standards to the FASB. d. Delegates its authority to establish accounting standards to individual states