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    Managers and the Legal Environment Study Set 1
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    Exam 21: Public and Private Offerings of Securities
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    Which of the Following Is Not Part of the Howey
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Which of the Following Is Not Part of the Howey

Question 44

Question 44

Multiple Choice

Which of the following is not part of the Howey test?


A) scienter
B) an investment of money
C) common enterprise
D) profits obtained solely through the efforts of others

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