Which of the Following Is True About Section 16(a)of the Securities

question 41

Multiple Choice

Which of the following is true about Section 16(a) of the Securities Exchange Act of 1934 relating to short-swing profits?

• A) It applies only to officers and directors of the corporation.
• B) It provides for recovery from a statutory insider by the other party to the transaction.
• C) It covers any trades occurring within 1 year of each other.
• D) It provides that any profits on trades occurring within 6 months of each other made by a statutory insider belong to the corporation.

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Definitions:

Confidence Level

The measure of one's belief in their own abilities or chances of success.

Possible Selves

The aspects of the self-concept that represent individuals’ ideas of what they might become, what they would like to become, and what they are afraid of becoming.

Cognitive Theorists

Psychologists who focus on how our mental processes like thinking, perception, and problem-solving influence our behavior.

Incentives for Future Behavior

Rewards or punishments that influence an individual's likelihood of repeating specific behaviors.