Insider Trading Is Both Unfair and Illegal

question 229

Multiple Choice

Insider trading is both unfair and illegal.It occurs when officers,directors,major stockholders,or others trade securities while

• A)intoxicated.
• B)in prison.
• C)in possession of illegal drugs.
• D)in possession of "material" nonpublic security information.
• E)having relatives working at the firm whose stock they are trading.

Comprehend the major categories of federal spending.

Understand the opportunity cost of borrowing to finance government deficits.

Compare the proportion of taxes in the U.S. to other industrially advanced countries.

Calculate the impact of taxes and government borrowing on domestic output and personal income.

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Definitions:

Counteroffer

A response to an offer in which the original terms are rejected and new terms are proposed.

Inquiry

The act of asking for information or conducting an investigation in order to gain understanding.

Grumbling Acceptance

Reluctant agreement or consent to a situation, decision, or condition without overt opposition.

Stipulation

An agreement between the parties involved in a legal case on certain facts or procedures, often meant to simplify the case or expedite proceedings.