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The Authors of Your Text Describe a Series of Horrible

question 145

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The authors of your text describe a series of horrible telephone hoaxes that were done a few years ago in which a caller falsely identified himself as a police officer and had restaurant managers perform unnecessary strip searches and other degrading acts on subordinates.The fact that the managers he called actually did what he instructed them to do illustrates that people very readily


Definitions:

Firms

Firms are business organizations engaged in commercial, industrial, or professional activities, typically comprised of a partnership or a corporation.

Primary Market

The financial market for new securities issues where corporations sell new stocks and bonds to the public for the first time.

Equity Offering

The issuance of new shares by a company to the public or to institutional investors to raise capital.

Secondary Markets

Markets where securities are traded after being initially offered or sold in the primary market.

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