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Bernard is a board member at Lopez Electronics Inc. He is also a senior executive of the firm. The board is chaired by Ernest Jones,

Bernard is a board member at Lopez Electronics Inc. He is also a senior executive of the firm. The board is chaired by Ernest Jones, the CEO of Stanley Motors. According to this scenario, Bernard

A can use information from board meetings to trade stocks of Lopez Electronics.

B is an inside director of Lopez Electronics.

C is more likely than Ernest to take care of stockholder interests.

D cannot serve on the board of any other organization.

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