You Are on the Subway in New York When You

question 129

Multiple Choice

You are on the subway in New York when you overhear two people you do not know talking about an upcoming merger, news not yet public. They seem to know their stuff. If you buy stock based on this information, and profit when the information turns out true, you have:

• A) violated the Insider Trading Sanctions Act and are likely to face criminal charges
• B) engaged in insider trading that is probably illegal
• C) not engaged in insider trading because you are not a corporate officer
• D) not engaged in insider trading because once you overheard the information it was public
• E) none of the other choices

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Definitions:

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.

Individualism

A principle favoring freedom and self-expression over collective or state control.

Individualism

A philosophy or social outlook that emphasizes the moral worth of the individual.

Equality

The condition of having the same status, rights, and chances for everyone.