Scienter Clearly Exists If a Party Knows a Fact Is

question 41

True/False

Scienter clearly exists if a party knows a fact is not as stated.​

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Definitions:

Operating Leverage

A measure of how sensitive a company's operating income is to a change in revenues, highlighting the impact of fixed versus variable costs.

Profits

The financial gain achieved when the revenue generated from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

GDP

Gross Domestic Product, the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, acting as a broad indicator of economic activity.

Sales Opportunity

A potential revenue-generating event, or lead, that has been identified as having a significant probability of becoming an actual sale.