Are Personal Loans Allowed to Directors and Executives

question 41

Multiple Choice

Are personal loans allowed to directors and executives?

• A) Yes, if they are under $1 million.
• B) Yes, if reported in the next quarterly filing to the SEC.
• C) Yes.
• D) No.

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Definitions:

Marked Down

Refers to a reduction in the selling price of goods or services, typically to clear inventory or to boost sales.

Sale Price

The final amount at which an item is sold after any discounts or promotions.

Operating Expense

Costs associated with the day-to-day functioning of a business, excluding production costs but including items like rent, utilities, and salaries.

Operating Profit

The profit earned from a firm's core business operations, excluding deductions of taxes and interest.