The Illegal Practice of Writing Cheques Against Money That Has
The illegal practice of writing cheques against money that has not yet arrived at the bank on which the cheque has been drawn is called
A) insider trading.
B) whistle blowing.
C) managing the monetary float.
E) cheque kiting.
Your friend Bob works for an investment firm that is helping Computers-B-Us merge with Mega Computers.The news won't be released until next week.If you decide to act upon this information and make some stock purchases intending to split the profits with Bob,what can be said about your actions?
A) They are unethical and illegal.
B) They are ethical and legal.
C) It is not possible to tell from the information given.
D) They are ethical and illegal.
E) They are unethical and legal.
At a press conference,CEO I.R.D.Boss states that profits are going to be very good next year when he knows that they will likely be bad.What can be said about his actions?
A) They are ethical and legal.
B) They are unethical and illegal.
C) They are ethical and illegal.
D) They are unethical and legal.
E) It is not possible to tell from the information that is given.
Which of the following is an example of a company acting irresponsibly toward its investors?
A) The board of directors does not declare a dividend.
B) Retained earnings are used to expand research and development instead of paying a dividend.
C) Top management misrepresents the firm's financial situation.
D) The firm does not allow insider trading.
E) The firm uses retained earnings to finance growth.