Before It Was Publicly Known That IBM Was Going to Take

question 58

Multiple Choice

Before it was publicly known that IBM was going to take over Lotus Development,an IBM secretary told her husband,who told two co-workers,who told friends,relatives,business associates,and even a pizza delivery man.A total of 25 people received the information and traded on this tip to make a profit.These people were:

• A)really smart.
• B)insider trading.
• C)stealing from IBM.
• D)acting fairly.

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Definitions:

Sects

Usually form by breaking away from churches because of disagreement about church doctrine. Sects are less integrated into society and less bureaucratized than churches are.

Characteristics

Qualities, traits, or features that distinguish a person, object, or phenomenon from others, defining its nature and behavior.

Protestant Ethic

A concept proposed by sociologist Max Weber, suggesting that Protestant religious values, especially those of Calvinism, contributed to the development and growth of capitalism.

Max Weber's Analysis

The examination and interpretation of society and social relationships based on the theories and methodologies developed by the sociologist Max Weber.