Which of the following is true of exempt securities?

A) Only the federal government can issue exempt securities.
B) Once a security is exempt, it is exempt forever.
C) An exemption notice must be filed with SEC every time the exempt security is transferred.
D) Exempt securities cannot be traded publicly.


B

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Cylog, a leading provider of personal computer systems, began manufacturing tablet devices after predicting a future consumer need for portability. Which of the following was most likely implemented by Cylog?

A) the selling concept B) customer-driving marketing C) the product concept D) sustainable marketing E) the production concept

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A $750 gain on the sale of an asset means that $750 in cash was received

Indicate whether the statement is true or false

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One of the advantages of radio as an advertising medium is that it

A. doesn't require marketers to segment an audience. B. is audio-only. C. is cost-effective. D. is good for complex messages. E. has a long exposure time.

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The Smithsonian Institution exists to preserve historical and cultural items of value and to share those items with the public; it does not exist to maximize the wealth of any shareholders. This entity is organized as a(n)

A. cooperative. B. quasi-government corporation. C. S-corporation. D. not-for-profit corporation. E. closed corporation.

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