Fact Pattern 30-2 ​Eddie, an Accountant for Fresh Dairy, Inc., Learns of Undisclosed

question 54

Multiple Choice

Fact Pattern 30-2
​Eddie, an accountant for Fresh Dairy, Inc., learns of undisclosed company plans to market a new smooth-tasting, fat-free butter. Eddie buys 10,000 shares of Fresh Dairy stock. He reveals the company plans to Giselle, who buys 5,000 shares. Giselle tells Hong, who tells Irwin, each of whom buy 1,000 shares. They know that Giselle got her information from Eddie. When Fresh Dairy publicly announces its new product, Eddie, Giselle, Hong, and Irwin sell their stock for a profit.
-Refer to Fact Pattern 30-2. If Eddie is liable under the Securities Exchange Act of 1934, it will be because the information on which he based his purchase of Fresh Dairy stock was​

• A) ​a forward-looking forecast.
• B) ​not material.
• C) ​not yet public.
• D) ​not yet true.

Grasp the importance of immediate response in professional communication settings to maintain efficiency and clarity.

Understand the effectiveness and application of performance aids in employee task performance.

Recognize the diversity and inclusion challenges and opportunities within apprenticeship programs.

Grasp the principles and effectiveness of job instruction training and its integration with behavior modeling.

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Definitions:

Downward Social Comparison

Comparing yourself to people worse off than you.

Well-off Neighborhood

An affluent area characterized by high standards of living, quality housing, and higher income levels among residents.

Looking-glass Self

A social psychological concept that suggests individuals shape their self-concepts based on how they believe others perceive them.

Mead

An alcoholic beverage created by fermenting honey with water, sometimes with the addition of fruits, spices, grains, or hops.