15. miguel has information that his company is going to file for bankruptcy. he calls all of his relatives…

15. miguel has information that his company is going to file for bankruptcy. he calls all of his relatives so that they can sell their shares of stock in the company before this happens. this is an example of which of the following?\npoor investing\ndiversification\nliquidity\ninsider trading\n\n16. which statement is true of penny stocks?\nstocks that have a low risk of losing money if invested wisely\nstocks that usually cost more money but will make money in the end if invested wisely\nstocks that cost less money but will make money in the end if invested wisely\nstocks that have a high risk of losing money because the companies are brand new\n\n17. which amendment to the constitution requires that you pay taxes?\nsixteenth amendment\ntwenty - seventh amendment\nfirst amendment\nninth amendment

15. miguel has information that his company is going to file for bankruptcy. he calls all of his relatives so that they can sell their shares of stock in the company before this happens. this is an example of which of the following?\npoor investing\ndiversification\nliquidity\ninsider trading\n\n16. which statement is true of penny stocks?\nstocks that have a low risk of losing money if invested wisely\nstocks that usually cost more money but will make money in the end if invested wisely\nstocks that cost less money but will make money in the end if invested wisely\nstocks that have a high risk of losing money because the companies are brand new\n\n17. which amendment to the constitution requires that you pay taxes?\nsixteenth amendment\ntwenty - seventh amendment\nfirst amendment\nninth amendment

Answer

Brief Explanations:

  1. Insider trading is using non - public material information for stock trading. Miguel has inside info about bankruptcy and tells relatives to sell, which is insider trading.
  2. Penny stocks are low - priced stocks often with high risk of loss as they are from small or new companies.
  3. The Sixteenth Amendment to the U.S. Constitution gives Congress the power to levy an income tax.

Answer:

  1. insider trading
  2. stocks that have a high risk of losing money because the companies are brand new
  3. Sixteenth Amendment