Which of the Following Is True About Steve Cohen, the Founder

question 237

Multiple Choice

Which of the following is true about Steve Cohen, the founder and owner of SAC Capital?

• A)He was banned from trading securities for life.
• B)He was accused of insider trading in a civil suit.
• C)He was an aggressive trader, but he was never fired.
• D)He is under criminal indictment.

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Definitions:

Net Sales

Total revenue from sales of goods or services, less returns, allowances for damaged goods, and discounts.

Operating Expense

Expenses incurred during normal business operations, such as rent, utilities, and payroll, excluding costs associated with the production of goods sold.

Administrative Expenses

Expenses related to the general operation of a business, such as salaries of non-sales personnel, office supplies, and rent.

Research and Development Expense

Costs associated with the research and development of a company's products or services, recognized as an expense.