CASE 21.3 In re Lehman Bros. Mortgage-Backed Securities Litigation (2011) involved a question of whether rating agencies that helped select a pool of mortgages for a mortgage-backed security were "underwriters" under the 1933 Act or "controlling persons" under section 15 of the 1933 Act. How did the court rule?
a. The court ruled that the proof established that the rating agencies were both underwriters and controlling persons under the 1933 Act.
b. The court ruled that the proof failed to establish that the rating agencies were either underwriters or controlling persons under the 1933 Act.
c. The court ruled that the proof established that the rating agencies were underwriters under the 1933 Act but that the proof failed to establish that the rating agencies were controlling persons under the 1933 Act.
d. The court ruled that the proof established that the rating agencies were controlling persons under the 1933 Act but that the proof failed to establish that the rating agencies were underwriters under the 1933 Act.
b
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Indicate whether the statement is true or false
A sample size of 1000 is used to test a structural model of advertising effectiveness for the Coca-Cola
company. The results show that a significant relationship exists between advertising effectiveness and sales. The estimated value of the standardized path estimate is .035. The Coca-Cola management dismisses the finding. Why? A) The sample size is probably too small. B) The sample size is probably too large. C) The relationship is trivial. D) The model fit is poor. E) None of the above
The impact of ECPA is to punish electronic monitoring only by ________ and not by employers.
Fill in the blank(s) with the appropriate word(s).
The “economic man” argument suggests that:
A) People consider all available alternatives and then make choices that maximize the values they receive B) People pick the cheapest options wherever available C) People pick the most expensive option provided it offers added value D) People rarely consider the benefits of picking a more expensive option before selecting the most economic one