The Food and Drug Administration (FDA) Just Announced Yesterday That

question 56

Multiple Choice

The Food and Drug Administration (FDA) just announced yesterday that they would approve a new cancer-fighting drug from King. You observe that King had an abnormal return of 0% yesterday. This suggests that

• A) the market is not efficient.
• B) King stock will probably rise in value tomorrow.
• C) King stock will probably fall in value tomorrow.
• D) the approval was already anticipated by the market.

---

Definitions:

White-Collar Deviance

Non-violent, illegal or unethical acts committed by individuals in professional or business roles, typically for personal or corporate gain.

Social Controls

The mechanisms, strategies, and techniques that societies use to encourage conformity to norms and discourage deviant behavior.

Greater Opportunity

The increased chance or potential to achieve success, access resources, or advance in one's personal or professional life.

Global Economy

refers to the interconnected and interdependent nature of the world's economies, where changes in one part can affect economies globally.