In SEC v. Ginsburg, Ginsburg was CEO of a company that merged with another company, and he told his relatives that the merger might occur. Knowing that the stock price might then rise, the relatives bought stock in the company and profited. Ginsburg was prosecuted by the SEC for insider trading. The appeals court held that Ginsburg:
a. violated the criminal statute against insider trading and was sent to five years in prison
b. had misappropriated company information by passing information on to his relatives, but that was not insider trading, so he could not be convicted of insider trading
c. may have used poor judgment but his relatives have no obligation to the company, so there is no legal issue here
d. had violated his fiduciary obligation and can be sued for any losses that the company suffers as a result, but has not violated the rule against insider trading
e. none of the other choices
e
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The scale descriptors "never," "rarely," "sometimes," "often," and "very often" are commonly used when studying the ________ construct (Table 9.3 in the text)
A) attitude B) satisfaction C) purchase frequency D) purchase intent
A(n) ________ coalition is one that may have started as temporary but then determined that the issue or problem does not remain resolved and the members need to remobilize themselves every time the presenting issue requires collective attention in the future.
Fill in the blank(s) with the appropriate word(s).
Of the following three types of corporate bonds debentures, mortgage bonds, and subordinated debentures indicate the most secure and the least secure (in that order)
A) debentures, subordinated debentures B) mortgage bonds, subordinated debentures C) subordinated debentures, debentures D) mortgage bonds, debentures
Which of the following are reasons why companies move into international operations?
A. To take advantage of lower production costs in regions where labor costs are relatively low. B. To develop new markets for the firm's products. C. To better serve their primary customers. D. Because important raw materials are located abroad. E. All of the above.