Using the Items in Exercise 9-12 in Your Text as Examples

question 47

Short Answer

Using the items in Exercise 9-12 in your text as examples, determine the truth value of the second claim (below) based on that given for the first claim. Translation into standard form may be required.
a. Optical disks never wear out. ()
b. Some disks other than optical disks do sometimes wear out.

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Definitions:

Commissioners of the SEC

The heads of the U.S. Securities and Exchange Commission (SEC), responsible for enforcing federal securities laws, regulating the securities industry, the nation's stock and options exchanges, and other related functions.

U.S. Court of Appeals

A court within the federal judicial system of the United States that hears appeals from federal district courts.

No-action Letters

are statements issued by regulatory agencies indicating that the agency does not intend to take legal action against a specifically proposed activity.

Exempted Offerings

Securities offerings that are released from the registration requirements with the SEC, generally due to their limited nature.