Dee,an Accountant,does Not Work for Emergent Company,but Wrong-Fully Obtains Inside

question 38

Multiple Choice

Dee,an accountant,does not work for Emergent Company,but wrong-fully obtains inside information concerning Emergent.Based on the in-forma-tion,Dee buys and sells Emergent stock for personal gain.The Securities and Exchange Commission prose-cutes Dee,arguing that she is liable because she stole in-formation right-fully belonging to another.This argument is

• A)the blue-sky theory.
• B)the misappropriation theory.
• C)the red-herring theory.
• D)the tipper/tippee theory.

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Definitions:

Confidence Interval

A range of values that is likely to contain a population parameter, estimated from a sample data with a given level of confidence.

Sample Size

The number of observations or units chosen from a population to participate in a study.

Confidence Interval

A sequence of values, stemming from sample analyses, presumed to contain the value of an undisclosed population parameter.

Confidence Level

The probability or percentage that expresses how certain one can be about the confidence interval containing the true parameter value.