Insider Trading May Be Based on a Claim of Unethical

question 20

Short Answer

Insider trading may be based on a claim of unethical misappropriation of ____, that is, knowledge only those in the firm should have.

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Definitions:

Long-term Asset

An asset that is not expected to be converted to cash or used up within one year of the balance sheet date.

Equipment

Tools, machinery, or apparatus designed for a specific operation or purpose.

Intellectual Property

A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols.

Intangible Asset

Assets that do not have physical substance but hold value for a business, such as patents, trademarks, and goodwill.