Section 11 of the Securities Act of 1933 Imposes Liability

question 15

Multiple Choice

Section 11 of the Securities Act of 1933 imposes liability on:

• A) the issuer.
• B) all persons who signed the registration statement.
• C) every director or partner, and all underwriters.
• D) All of these.

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Definitions:

Primary Reinforcement

A type of reinforcement that involves using innate, biological needs such as food, water, and warmth as rewards.

Skinnerian Conditioning

A form of learning in which behavior is modified by its consequences; reinforcement or punishment modifies the likelihood of a behavior's recurring.

Classical Conditioning

A training process where a response initially caused by a second stimulus is eventually provoked by the first stimulus, due to the continuous pairing of the two stimuli.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, until it is associated with an unconditioned stimulus.