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17 Feb 2024, 00:50
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1: acquired as part of their official duties
2: already available to the public
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
75% (01:19) correct
25%
(01:39)
wrong
based on 747
sessions
History
Date
Time
Result
Not Attempted Yet
A citizens' group has proposed a law that would prevent their government representatives from buying and selling company stocks based on nonpublic information that those representatives obtained in their capacities as government officials that they could not have otherwise obtained. However, the law would not prevent them from making other stock transactions.
The citizens are working on the following draft of the law:
No government official is permitted to either purchase or sell any company's stock based on information that was 1 unless that information was 2 .
Select for 1 and for 2 the options that complete the draft statute in a manner that best captures the citizens' group's goals. Make only two selections, one in each column.
The citizens are working on the following draft of the law:
No government official is permitted to either purchase or sell any company's stock based on information that was 1 unless that information was 2 .
Select for 1 and for 2 the options that complete the draft statute in a manner that best captures the citizens' group's goals. Make only two selections, one in each column.
| 1 | 2 | |
| of a trivial nature | ||
| specific to a certain company | ||
| already available to the public | ||
| pertaining to pending legislation | ||
| related to a private transaction | ||
| acquired as part of their official duties |
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Official Answer
1: acquired as part of their official duties
2: already available to the public
26 Feb 2024, 00:08
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Based on the highlighted content it's evident to make choices
1) acquired as part of their official duties
2) Already available to public
The suggestion is "Read the information carefully and not-so-fast" as the questions won't allow you to read them repetitively due to time constraints.
1) acquired as part of their official duties
2) Already available to public
The suggestion is "Read the information carefully and not-so-fast" as the questions won't allow you to read them repetitively due to time constraints.
DerekLin
18 Dec 2024, 11:32
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1. Let's analyze the main idea of the law. It's to prevent government representatives from purchasing/selling stocks using government information that isn't available to the public.
2. (1) is about what type of information. Based on the passage, this is government related information. So, the best fitting option would be "acquired as part of their official duties."
3. (2) is about when the government information is ok to use to purchase/sell stocks. Based on the passage, this is information that is public. So, the best fitting option would be "already available to the public."
4. Our answer would be: 1 - acquired as part of their official duties and 2 - already available to the public.
2. (1) is about what type of information. Based on the passage, this is government related information. So, the best fitting option would be "acquired as part of their official duties."
3. (2) is about when the government information is ok to use to purchase/sell stocks. Based on the passage, this is information that is public. So, the best fitting option would be "already available to the public."
4. Our answer would be: 1 - acquired as part of their official duties and 2 - already available to the public.
