Alan runs a small manufacturing business. One day, a subordinate informed Alan about a problem in the production process because of a difficult delivery schedule. The production manager couldn’t find a solution to the problem. However, Alan analyzed the issue and proposed multiple solutions to streamline the production process. Although all the employees were relieved, they were quite surprised at the ease with which Alan arrived at a solution. Which of the following traits did Alan display in this scenario?

Oliver queen buys 100 shares of stock in green arrow archery corporation, a publicly traded company with which he is not affiliated as a director, officer, or employee. he then sells his 100 shares to john diggle. the sec sues oliver because he didn't register the sale of stock to john. who wins? oliver, because the sale falls into the nonissuer exemption oliver, because the sale falls into the private placement exemption the sec, because the transaction is not exempt from registration the sec, because even exempt transactions must be registered with the sec