In What Circumstances Will a Person Giving Negligent Advice Be

question 8

Multiple Choice

In what circumstances will a person giving negligent advice be liable for harm arising from their negligence?

• A)Where one person gives advice to another.
• B)Where the advice is given in serious circumstances to a person who the advisor knew would reasonably rely upon it.
• C)Where the person is a professional advisor.
• D)Where the advice is given in relation to commercial business activities.

Recognize the functions and significance of different rates such as the discount rate.

Identify the purpose and functions of regulatory bodies and committees such as the National Association of Securities Dealers (NASD) and the Federal Open Markets Committee (FOMC).

Understand the impact of the Federal Reserve’s actions on money supply and interest rates.

Grasp the investment strategies of different types of financial institutions like insurance companies and pension funds.

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Definitions:

Consolidation

The process in accounting and finance where the financial statements of a parent company and its subsidiaries are combined to form a single, comprehensive financial statement.

Proxy Contests

A situation where two or more parties vie to collect enough shareholder votes to win a corporate election, often related to changes in company management or strategy.

Revenue Enhancement

Revenue enhancement refers to strategies and actions taken by a company to increase the income it generates from its business activities.

Acquisitions

The process of a company purchasing the majority or all of another company's shares to gain control of that company.