Which One of the Following Items Is Most Apt to Be

question 28

Multiple Choice

Which one of the following items is most apt to be considered material nonpublic information? Assume that none of this information is known publicly.

• A)Barbara knows that Sue, an accounting clerk, is planning on resigning on Friday.
• B)Linda knows a new receptionist has just been hired.
• C)Wendy knows that her firm's net income is continuing to increase at a steady rate.
• D)Tracy knows her employer just received patent approval on a key new product.
• E)Maria is the chief financial officer and knows the firm intends to maintain its current dividend policy.

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Definitions:

Oval Window

A membrane-covered opening that leads from the middle ear to the cochlea in the inner ear, vital for the process of hearing.

Ossicles

The three small bones located in the middle ear, named the malleus, incus, and stapes, that play a key role in transmitting sound vibrations to the inner ear.

Middle Ear

The portion of the ear containing the ossicles, which connect the eardrum to the oval window and amplify sound waves.

Cochlea

The fluid-filled, snail-shaped, bony chamber in the inner ear that contains the basilar membrane and its hair cells (the sound receptors).