Sid,a Director of Tech Software Company,learns That a Tech Engineer

question 6

Multiple Choice

Sid,a director of Tech Software Company,learns that a Tech engineer has developed a new,exciting video game.Sid buys Tech stock and tells his friend Uri,who also buys Tech stock.When the new game is released three weeks later,Sid and Uri sell their stock for a big profit.
-Refer to Fact Pattern 26-2.Regarding Sid's profits on the purchase and sale of Tech stock,under Section 16(b) of the Securities Exchange Act of 1934 Tech may recapture

• A)all of Sid's profits
• B)half of Sid's profits.
• C)10 percent of Sid's profits
• D)none of Sid's profits.

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Definitions:

Ethics Auditing

The process of evaluating an organization's ethical standards and practices, identifying potential vulnerabilities, and recommending improvements.

Social Audit

The process of evaluating and reporting a firm's performance in terms of social responsibility, often including its impact on the community, environment, and workers.

Ethics Audit

A comprehensive review process designed to assess an organization's ethical practices, policies, and culture, and identify areas for improvement.