GR8 Stuf Company Files a Registration Statement with the SEC

question 31

Multiple Choice

GR8 Stuf Company files a registration statement with the SEC before making an offering to the general public.The registration contains false,immaterial statements of which the investors are unaware.GR8 Stuf is charged with violating the Securities Act of 1933.GR8 Stuf's best defense is

• A)the investors were not aware of the misrepresentations.
• B)the issuer reasonably believed the misstatements were true.
• C)the offering was made available to the general public.
• D)the untrue statements were not material.

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Definitions:

Consolidation

A process where immediate memories become lasting memories when new neural connections are created and prior neural connections get stronger.

Sleep Deprived

A condition caused by not getting enough sleep, affecting physical and mental health and performance.

Microsleeps

Very short, uncontrollable episodes of sleep that occur while a person is apparently awake, especially common in people suffering from sleep deprivation.

Short-Term Memory

The capacity for holding a small amount of information in mind in an active, readily available state for a short period of time.