Adequate Disclosure

question 14

Essay

Adequate disclosure
(a)Briefly explain what is meant by the principle of adequate disclosure.
(b)How does professional judgment enter into the application of the principle of adequate disclosure?
(c)List 5 types of information that a publicly held corporation generally would be required to provide according to the concept of adequate disclosure.

---

Definitions:

Observational Learning

Observational learning is a learning process through which individuals alter their behavior after observing others, modeling their actions based on what they have observed.

Habituation

The process by which there is a decrease in response to a stimulus after being repeatedly exposed to it, highlighting an organism's ability to adapt to its environment.

Emotional Arousal

The state of being emotionally stimulated or excited, which can affect both physiological and psychological functioning.

Observable Behavior

Any action or reaction of a person or animal that can be directly seen or measured.