Larry Was Working at His Job at the Landfill When

question 41

Multiple Choice

Larry was working at his job at the landfill when he got off his tractor to take a break.He noticed some papers on the ground and went to throw them on a pile.As he held the papers he saw a confidential report from MegaCorp stating it would be announcing the development of a new super computer in two weeks.Larry has no relationship with MegaCorp.Larry mortgaged his house and borrowed all the money he could to purchase $300,000 worth of MegaCorp stock.Larry bought the stock for $32 a share.When the announcement was made public,MegaCorp's stock skyrocketed.Larry sold his stock a few weeks later and made a huge profit.Larry has:

• A) committed a criminal act.
• B) violated SEC regulations but not the criminal law.
• C) committed an act of improper insider trading.
• D) done nothing legally wrong.

Learn about managerial decisions in setting optimal order quantities and pricing under capacity and demand constraints.

Appreciate the complexity of supply chain decisions, including trade-offs between different strategies to improve profitability.

Understand optimal resource allocation to maximize profits.

Calculate the financial impact of inventory decisions, including overstocking and understocking costs.

---

Definitions:

Summary Jury Trial

A condensed version of a jury trial intended as a non-binding process to encourage settlement of disputes.

In Rem Jurisdiction

A legal principle that allows a court to exercise authority over a piece of property rather than a person.

Diversity of Citizenship

A legal principle that allows federal courts to hear lawsuits between parties from different states or countries, provided the amount in controversy exceeds a specified threshold.

Challenge for Cause

A legal objection during jury selection, where a party seeks to disqualify a potential juror for a specific, articulated reason suggesting bias or inability to serve impartially.