Which agency investigated Mattel, leading to the Handlers' resignation?
FBI
Securities and Exchange Commission
IRS
Federal Trade Commission
Answer
The Securities and Exchange Commission investigated Mattel, leading to the Handlers' resignation. The SEC investigated Mattel for accounting fraud, which is when a company makes false or misleading statements about its financial condition. The SEC found that Mattel had overstated its revenue and profits by billions of dollars. The Handlers resigned after the SEC's investigation was completed.
The Ruth Handler Revolution: A Quiz on the Extraordinary Life of an American Businesswoman and Inventor
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