In Recent Years Unethical, and in Some Cases Illegal, Behaviour

question 23

Multiple Choice

In recent years unethical, and in some cases illegal, behaviour in economics has caused:

• A)A global economic downturn.
• B)A great deal of goodwill towards businesses globally.
• C)Substantial growth and employment.
• D)Great confidence in global financial markets.

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Definitions:

Equity Securities

Financial instruments representing ownership interest in a company, such as stocks, that provide the holder with claims on the firm's profits.

Fair Value

The estimated price at which an asset would exchange hands between a willing buyer and seller, neither being under any pressure to act.

Available-for-sale Securities

Financial assets that are purchased with the intention of selling them before they reach maturity, if beneficial.

Fair Value

Fair Value is an accounting term used to describe the estimated price of an asset or liability that would be agreed upon in an orderly transaction between market participants at the measurement date.