Is it possible to design a fixed AC input and multiple voltage values +/- DC outputs?

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Pretty elaborate tone control circuit the thing has. It appears this version has the "defeat" switch; I suppose they figured they're losing sales without it. Not that any customer could conceive its possible to design Bass and Treble controls that effect neither frequency nor phase when set in the flat position - gotta have the switch there - "now I feel more comfortable..."

Perhaps this design accomplishes just that - and they put the switch in anyway.