In 2019, Illinois became the 11th state to legalize the recreational use of marijuana. As of late, North America has been becoming a huge source of growth in the legalized marijuana industry. Suppose investors hear that companies think they are positioned to capitalize on the expected growth in the legalized marijuana market and that they want to benefit from the projected growth in this industry by rushing into the purchase of stocks without taking a close look at the financial condition of these companies.
True or False: Given the scenario, the investors are using firm-specific information to take their positions on the security.
a)True
b)False

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Answer 1

False. Given the scenario, the investors are not using firm-specific information to take their positions on the security.

They are rushing into the purchase of stocks without taking a close look at the financial condition of these companies. This means they are not considering specific information about the individual companies but rather making decisions based on the general expectation of growth in the legalized marijuana market.

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Related Questions

The COMMON law system is the system of law that courts follow in the U.S. It was borrowed from the British system and still exists in most countries that were once part of or still are part of the British Empire. In the COMMON law system, judges follow old decisions of previous courts if the facts and circumstances are the same. These old cases are called PRECEDENT, a phrase you've probably heard before. However, one you probably haven't heard is the fancy Latin phrase STARE DECISIS, which means literally "stand" and decide," or roughly "Let the decision stand," another way of saying that old cases and the judge's decisions, or holdings, in them, should be followed by future courts.

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The COMMON law system in the U.S. is based on precedents and the principle of stare decisis.

What is the significance of stare decisis in the COMMON law system?

Stare decisis which means "Let the decision stand" is a fundamental principle in the COMMON law system. It ensures consistency and predictability in legal rulings by requiring judges to follow the decisions of previous courts when the facts and circumstances are similar.

This principle allows for the development of a body of legal precedents that shape and guide future judicial decisions. By adhering to stare decisis, the legal system maintains stability and promotes fairness and equality under the law.

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the blank is the outline of the government of the united states

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The Constitution is the outline of the government of the united states.

The Constitution of the United States serves as the outline or framework for the government of the United States. It establishes the structure, powers, and limitations of the federal government and sets forth the rights and liberties of the American people.

The Constitution was drafted in 1787 and ratified in 1788, creating a system of government based on the principles of separation of powers, checks and balances, and federalism.

It outlines the three branches of government: the legislative branch, headed by Congress and responsible for making laws; the executive branch, headed by the President and responsible for implementing and enforcing laws; and the judicial branch, headed by the Supreme Court and responsible for interpreting the laws.

The Constitution delineates the powers and responsibilities of each branch, ensuring a system of shared powers and preventing any one branch from becoming too powerful. This system of checks and balances allows for accountability and prevents the abuse of power.

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the lower classes gained greater military importance in the 14th century because of

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In the 14th century, the lower classes gained greater military importance due to several factors:

Technological Advancements: The development of new military technologies, such as the longbow, allowed the lower classes to wield more effective weapons on the battlefield. The longbow, for example, was a relatively simple weapon that required strength and skill rather than extensive training or expensive equipment. This gave the lower classes, particularly skilled archers, a valuable advantage in combat.

Shift in Warfare Tactics: The 14th century saw a shift in warfare tactics that relied more on infantry and ranged weapons. Traditional feudal cavalry, predominantly composed of nobles and knights, became less dominant on the battlefield. This change favored the lower classes, who could serve as foot soldiers or archers and contribute to the new tactical approaches.

Impact of the Hundred Years' War: The Hundred Years' War between England and France, which lasted from the mid-14th to the mid-15th century, had a significant influence on military dynamics. Prolonged conflicts like this necessitated larger armies, and the lower classes played a vital role in filling the ranks. Commoners were often conscripted or volunteered for military service, as their numbers and availability were essential to sustaining and expanding armies.

Economic and Social Factors: Socioeconomic changes during the 14th century led to a growing importance of the lower classes in military affairs. The Black Death pandemic, which ravaged Europe between 1347 and 1351, caused significant population loss, particularly among the nobility. This created a need for new recruits from lower social ranks to take up military roles and fill the void left by the deceased.

Additionally, economic and political changes, such as the emergence of urban centers and the growth of centralized states, provided avenues for upward mobility. This allowed capable individuals from the lower classes to rise through the ranks and gain military prominence.

Overall, technological advancements, changes in warfare tactics, the impact of the Hundred Years' War, and socioeconomic factors contributed to the increased military importance of the lower classes in the 14th century. These developments marked a shift in the traditional power dynamics of warfare, providing opportunities for individuals from lower social strata to play significant roles in military engagements.

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In the 14th century, the lower classes gained greater military importance due to several factors:

Technological Advancements: The development of new military technologies, such as the longbow, allowed the lower classes to wield more effective weapons on the battlefield. The longbow, for example, was a relatively simple weapon that required strength and skill rather than extensive training or expensive equipment. This gave the lower classes, particularly skilled archers, a valuable advantage in combat.

Shift in Warfare Tactics: The 14th century saw a shift in warfare tactics that relied more on infantry and ranged weapons. Traditional feudal cavalry, predominantly composed of nobles and knights, became less dominant on the battlefield. This change favored the lower classes, who could serve as foot soldiers or archers and contribute to the new tactical approaches.

Impact of the Hundred Years' War: The Hundred Years' War between England and France, which lasted from the mid-14th to the mid-15th century, had a significant influence on military dynamics. Prolonged conflicts like this necessitated larger armies, and the lower classes played a vital role in filling the ranks. Commoners were often conscripted or volunteered for military service, as their numbers and availability were essential to sustaining and expanding armies.

Economic and Social Factors: Socioeconomic changes during the 14th century led to a growing importance of the lower classes in military affairs. The Black Death pandemic, which ravaged Europe between 1347 and 1351, caused significant population loss, particularly among the nobility. This created a need for new recruits from lower social ranks to take up military roles and fill the void left by the deceased.

Additionally, economic and political changes, such as the emergence of urban centers and the growth of centralized states, provided avenues for upward mobility. This allowed capable individuals from the lower classes to rise through the ranks and gain military prominence.

Overall, technological advancements, changes in warfare tactics, the impact of the Hundred Years' War, and socioeconomic factors contributed to the increased military importance of the lower classes in the 14th century. These developments marked a shift in the traditional power dynamics of warfare, providing opportunities for individuals from lower social strata to play significant roles in military engagements.

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in the case of serrita, whose struggle with anorexia is described in your textbook, what was her attitude about her condition that is common to many diagnosed with anorexia?

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In the case of Serrita, whose struggle with anorexia is described in the textbook, her attitude about her condition that is common to many diagnosed with anorexia is a distorted body image and an intense fear of gaining weight.

Serrita's attitude toward her condition reflects a common characteristic among individuals diagnosed with anorexia, namely a distorted body image and an intense fear of gaining weight. This distorted perception of one's body is a central feature of anorexia nervosa, an eating disorder characterized by self-imposed starvation and excessive weight loss.

People with anorexia often perceive themselves as overweight or larger than they actually are, despite being significantly underweight. This distorted body image contributes to a negative self-image and a preoccupation with weight, shape, and appearance. Serrita's experience aligns with this common symptom, as she likely had a distorted perception of her body size and shape, perceiving herself as larger than she truly was.

Additionally, individuals with anorexia commonly have an intense fear of gaining weight or becoming fat. This fear drives their restrictive eating behaviors and leads to severe caloric restriction, excessive exercise, and other compensatory behaviors to prevent weight gain. Serrita's attitude likely included a deep-seated fear of weight gain, which fueled her efforts to restrict her food intake and engage in excessive exercise.

It is important to recognize that the attitude of individuals with anorexia is influenced by complex psychological and social factors. The distorted body image and fear of weight gain are just two aspects of the multifaceted nature of anorexia nervosa. Understanding these attitudes is crucial for developing effective treatment approaches that address the underlying psychological and emotional aspects of the disorder.

In conclusion, Serrita's attitude about her condition, as described in the textbook, aligns with common attitudes observed in individuals diagnosed with anorexia. This includes a distorted body image and an intense fear of gaining weight. These attitudes contribute to the development and maintenance of the disorder and highlight the importance of comprehensive treatment approaches that address both the physical and psychological aspects of anorexia nervosa.

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What happened when Austria invaded Serbia?

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When Austria invaded Serbia, it set off a chain of events that led to the outbreak of World War I. The assassination of Archduke Franz Ferdinand, Austria's ultimatum to Serbia, and the involvement of various alliances all contributed to the escalation of the conflict.

When Austria invaded Serbia, it sparked a chain reaction of events that ultimately led to the outbreak of World War I.

1. The immediate cause: On June 28, 1914, Archduke Franz Ferdinand, the heir to the Austro-Hungarian throne, was assassinated by a Serbian nationalist in Sarajevo, Bosnia.

2. Austria's response: Austria-Hungary saw the assassination as an opportunity to assert its dominance over the Balkans and punish Serbia. They issued an ultimatum to Serbia, which contained a list of demands that were seen as excessive.

3. Serbia's response: Serbia accepted most of Austria's demands but rejected some that would have compromised its sovereignty. This led Austria to declare war on Serbia on July 28, 1914.

4. The alliances come into play: As Serbia was an ally of Russia, and Austria-Hungary was part of the German-Italian alliance known as the Triple Alliance, the conflict quickly escalated. Russia mobilized its troops to support Serbia, and Germany declared war on Russia. This triggered a series of declarations of war among various European powers, leading to the outbreak of World War I.

5. The war unfolds: The invasion of Serbia by Austria-Hungary marked the beginning of a long and devastating conflict. The war involved multiple countries and lasted for four years, resulting in millions of casualties and significant social, political, and economic changes across the globe.

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the pentagon papers revealed shocking waste in military spending

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The Pentagon Papers did indeed reveal significant waste in military spending during the Vietnam War. The Pentagon Papers were a classified study commissioned by the U.S. Department of Defense that examined U.S. involvement in Vietnam from 1945 to 1967. The study was leaked to the press in 1971 and provided a detailed account of the government's decisions and actions related to the war.

Among the revelations in the Pentagon Papers was evidence of wasteful military spending. The study documented instances of excessive costs, mismanagement, and inefficiencies in the procurement of weapons, supplies, and services related to the war effort. It shed light on the discrepancy between what was publicly stated about the war and the internal assessments and discussions within the government.

The Pentagon Papers exposed the extent of government deception and the lack of transparency surrounding the war. They contributed to public disillusionment and skepticism towards official narratives about the Vietnam War, fueling anti-war sentiment and calls for accountability.

While the Pentagon Papers did reveal shocking waste in military spending, it is important to note that military spending and wastefulness are complex issues that can occur in various contexts and are not limited to a single event or time period.

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since 1959 when the official data on the poverty rate began, the poverty rate was at its highest in group of answer choices 1959. 1968. 1977. 1986.

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The poverty rate was at its highest in 1959, the year when the official data on poverty rate began.

The question asks about the year when the poverty rate was at its highest since 1959, the starting point of official data on poverty rate. To determine the answer, we compare the given options: 1959, 1968, 1977, and 1986.

Since the official data on poverty rate began in 1959, we can examine the poverty rates for each of the given years to identify the highest rate. By analyzing the historical records, we find that the poverty rate tends to fluctuate over time, influenced by various social, economic, and policy factors.

In this case, the answer is 1959 because it is the starting point, and the poverty rate cannot be higher in any year prior to it. The subsequent years, such as 1968, 1977, and 1986, may have experienced fluctuations in the poverty rate, but the question specifically asks for the highest rate since 1959.

Therefore, based on the given options, 1959 is the correct answer as it represents the year when the poverty rate was at its highest since the beginning of official data collection on poverty rate.

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