34. Prestwich Ltd's directors have continued to trade after the point where they should have concluded that insolvent liquidation of the company was inevitable The directors have engaged in market abuse wrongful trading fraudulent trading insider dealing
34. Prestwich Ltd's directors have continued to trade after the point where they should have concluded that insolvent liquidation of the company was inevitable The directors have engaged in market abuse wrongful trading fraudulent trading insider dealing
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
33. Seedoy plc's manufacturing division sells all its production to the distribution division, which then sells it externally.
Which of the following is most likely to present a problem between the two divisions
- Agreeing on how authority is delegated within each division
- Agreeing on how resposibility for production is split between the divisions
- Agreeing on how resposibility for marketing is split between the divisions
- Agreeing on a fair transfer price between the divisions.
34. Prestwich Ltd's directors have continued to trade after the point where they should have concluded that insolvent liquidation of the company was inevitable
The directors have engaged in
- market abuse
- wrongful trading
- fraudulent trading
- insider dealing
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