In 2002, ImClone’s Samuel Waksal was arrested for insider trading. He was charged with:
a. embezzling unissued corporate stock.
b. selling shares in the company after learning that the FDA was not going to review his firm’s cancer drug.
c. “cooking” the books to reflect a price for the common stock higher than actually was.
d. sexual harassment of three female employees.
e. watering the stock such that it appeared to be worth less than it actually was.
b. selling shares in the company after learning that the FDA was not going to review his firm’s cancer drug.
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What is the correct formula to determine the value of the stock using the Earnings Model in B6?
a) =B1*B2/B3+(B1*B2*(B4/B3-1))/(B3-B5)
b) =B1/B3-(B1*(1+B2)*(B4/B3+1))/(B3+B5)
c) =B1/B3+B1*(1-B2*B4/B3-1)/(B3-B5)
d) =B1/B3+(B1*(1-B2)*(B4/B3-1))/(B3-B5)
e) =B1/B3+(B1*(1-B3)*(B2/B3-1))/(B3-B4)
The Everest Company has income from operations of $80,000, invested assets of $500,000, and sales of $1,030,000. What is the profit margin?
A) 48.5% B) 7.8% C) 16.0% D) 4.3%
Which of the following is NOT a key argument of Henry Mintzberg?
a. Consistency and coherence between organization structure and task is the key to success b. For each and every organizational action, there is an equal and opposite environmental reaction c. For every situation and task an organization faces, there us a specific structure that fits best d. There are five natural configuration that fit the different tasks organizations try to accomplish
Which of the following would be considered a material breach of a contract?
a. Partial performance that omits some essential part of the contract. b. Delivery of 50 chairs in a contract that calls for 100 chairs. c. An intentional breach of the contract. d. All of these would be material breaches. e. Only (a) and (b) would be material breaches.