For Purposes of Section 16(b) of the 1934 Securities Exchange

question 40

Multiple Choice

For purposes of Section 16(b) of the 1934 Securities Exchange Act, which of the following are not "insiders"?

• A) Shareholders owning more than 10 percent of the stock of a corporation listed on a national stock exchange or registered with the SEC.
• B) Directors.
• C) Officers.
• D) All of these may be considered insiders.

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Definitions:

Social Status

The position or rank of a person or group within the social hierarchy, which can be determined by various factors such as wealth, occupation, education, or family lineage.

Status Group

A group of people who share similar social status, lifestyles, world views, occupations, and standards of living.

Davis-Moore Thesis

A sociological proposition arguing that social stratification has beneficial consequences for the operation of society, by ensuring the most capable individuals fill the most important roles and receive the highest rewards.

Social Inequality

The existence of unequal opportunities and rewards for different social positions or statuses within a society or group.