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LGS FINAL questions with complete solutions graded A+
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LGS FINAL questions with complete solutions graded A+
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LGS FINAL questions with completesolutions graded A+
Business organization - correct answer ✔✔Choosing the right legal structure for a business
Due diligence - correct answer ✔✔Thorough research and investigation before making a business
decision
Business judgment rule - correct answer ✔✔Legal principle protecting directors and officers from liability
for decisions made in good faith
Securities - correct answer ✔✔Financial instruments representing ownership or debt in a company
Electronic data record storage system - correct answer ✔✔System for storing and managing electronic
records
Securities Act of 1933 - correct answer ✔✔Federal law regulating the issuance and sale of securities
Securities Exchange Act 1934 - correct answer ✔✔Federal law regulating securities markets and
exchanges
IPO - correct answer ✔✔Initial Public Offering - the first sale of stock by a company to the public
Registration statement - correct answer ✔✔Document filed with the SEC for an IPO, providing
information about the company and its securities
Prospectus - correct answer ✔✔Document given to potential investors in an IPO, containing information
about the offering
, SEC - correct answer ✔✔Securities and Exchange Commission - federal agency overseeing securities
markets
Short swing profits - correct answer ✔✔Profits made by corporate insiders from buying and selling
company stock within a six-month period
Insider trading - correct answer ✔✔Trading of securities based on material non-public information
Misappropriation theory - correct answer ✔✔Theory of insider trading based on the theft of confidential
information
Material information - correct answer ✔✔Information that would reasonably affect the price of a
security
U.S. v. Baghat (2006) - correct answer ✔✔Legal case involving insider trading
Agency - correct answer ✔✔Legal relationship where one person (agent) acts on behalf of another
(principal)
Employment relationships - correct answer ✔✔Legal relationships between employers and employees
Vicarious liability - correct answer ✔✔Legal responsibility of an employer for the actions of an employee
Employer-employee relationship - correct answer ✔✔Legal relationship between an employer and an
employee
Employer - correct answer ✔✔Person or entity that hires and pays employees
Independent contractors - correct answer ✔✔Individuals who work for themselves and are not
employees
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