Mass Production Techniques Allowed Firms to Respond Quickly to the Individual

question 212

True/False

Mass production techniques allowed firms to respond quickly to the individual needs of consumers.

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Definitions:

State Court

A court that has jurisdiction over disputes with some connection to a U.S. state, as opposed to the federal court system.

Section 16(b)

A provision of the Securities Exchange Act that aims to prevent unfair use of nonpublic information by requiring insiders to return any profits made from buying and selling their company's stock within a short time frame.

1934 Act

A federal statute that provides for the regulation of the securities industry, including the creation of the Securities and Exchange Commission.

Rule 10b-5

Rule 10b-5, under the United States Securities Exchange Act of 1934, is a regulation prohibiting fraudulent practices in securities trading, including misrepresentation and insider trading.