The supreme court ruled on united states v. o'hagan, a case on insider trading. in the case o'hagan, a lawyer in a firm representing the target of a tender offer, traded in the stock of the company (using the insider information) for personal profit. the court's ruled that this was a breach of a fiduciary duty to the source of the information, which is best characterized as: a. ethical relativism —changes their rule according to the circumstance. b. social contract— investors to expect an even playing field. c. utilitarian— maximize pleasure for the most people. d. ethical egoist—maximizes self-interest.

Consider how health insurance affects the quantity of health care services performed. suppose that the typical medical procedure has a cost of $160, yet a person with health insurance pays only $40 out of pocket. her insurance company pays the remaining $120. (the insurance company recoups the $120 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) consider the following demand curve in the market for medical care. use the black point (plus symbol) to indicate the quantity of procedures demanded if each procedure has a price of $160. then use the grey point (star symbol) to indicate the quantity of procedures demanded if each procedure has a price of $40. q d at p=$160 q d at p=$40 0 10 20 30 40 50 60 70 80 90 100 200 180 160 140 120 100 80 60 40 20 0 price of medical procedures quantity of medical procedures demand if the cost of each procedure to society is truly $160, the quantity that maximizes total surplus is procedures. economists often blame the health insurance system for excessive use of medical care. given your analysis, the use of care might be viewed as excessive because consumers get procedures whose value is than the cost of producing them.

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.