Explain the scope and purpose of Section 11 of the Securities Act of 1933 regarding misleading registration statements. What is the state of mind required in order to establish a violation of Section 11?
Section 11 provides a remedy for a person who purchases a security pursuant to a misleading registration statement. Section 11 applies only to registered securities. Under Section 11, an issuer of securities is liable for its false statements or misleading omissions even if the issuer had no intent to defraud and was not even negligent in ascertaining the truth.
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Which of the following statements is consistent with principle-based ethics?
A. Although certain acts are wrong, they should be performed for the overall happiness they may produce. B. An act that produces the greatest beneficial consequences is the ethically right thing to do. C. Obligations, responsibilities, and commitments do not determine the correct approach to ethics. D. Individuals have rights that should not be sacrificed in order to generate a net increase in the collective good.
People in Western cultures tend to rely on which of the following form of reasoning?
a. inductive b. deductive c. both inductive and deductive d. neither inductive nor deductive
Which one of the following terms represents treating an abstraction as if it exists as a concrete entity?
A. Strategies D. Objectives B. Tactics E. Reification C. Goals
If the future value of an ordinary annuity is $8,000, the future value of an annuity due is $7,200 given a 10% interest rate
Indicate whether the statement is true or false.