Fin 605 quiz 1 - Study guides, Class notes & Summaries

Quiz 1 Insider trading is defined as  a zero-plus game  an individual buying or selling on the basis of material nonpublic information  an individual buying or selling using non-SEC disclosure rules  an individual using proper trading rules The primary objective of the firm is:  social responsibility  profit maximization  long run survival  shareholder wealth maximization If a firm shows an accounting net income, then  it will be able to repay all current l...