Question

gatekeepers are professionals who
select one:
a. are employed by the government to ensure fair marketplace activities.
b. serve as intermediaries between market participants.
c. hold private inside information about a company.
d. decide the board members of a company.

Explanation:

To determine the correct answer, we analyze each option:

• Option a: Gatekeepers aren't primarily government - employed for fair marketplace activities. Regulators are more associated with that role.
• Option b: Gatekeepers, in a business context, often act as intermediaries between different market participants (e.g., investment bankers between companies and investors). This fits the definition of a gatekeeper.
• Option c: Insiders with private inside information are insiders, not gatekeepers. Gatekeepers don't mainly hold inside information.
• Option d: Gatekeepers don't decide a company's board members. Board member selection is a different process involving shareholders and governance structures.

Answer:

b. serve as intermediaries between market participants.