Insider trading is both unfair and illegal. It occurs when officers, directors, major stockholders, or others trade securities while
A) intoxicated.
B) in prison.
C) in possession of illegal drugs.
D) in possession of "material" nonpublic security information.
E) having relatives working at the firm whose stock they are trading.
Answer: D
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Formal negotiations generally take place only for very large or important prospective buyers.
Answer the following statement true (T) or false (F)
Plant assets are depreciated because
a. the accrual basis of accounting requires matching of costs to revenues. b. some plant assets last longer than others. c. useful lives cannot be reasonably estimated. d. the replacement cost of plant assets may fluctuate over time.
Dan was recently fired from his job after it was found out that he borrowed heavily from another coworker on his business proposal (without giving proper credit). Dan crossed the ethical boundary of
a. copying. b. plagiarism. c. stealing. d. none of the above
Chewing gum is stocked in many outlets in the same market or community; in fact, it is placed in as many outlets as possible. This is an example of ________ distribution
A) exclusive B) selective C) multichannel D) intensive E) vertical