Odell, an accountant, prepares for Pronto Tacos Corporation a financial statement that omits a material fact. The financial statement is included in Pronto Tacos's registration statement, which Qiana reads. Qiana buys Pronto Tacos stock. Under Section 11 of the Securities Act of 1933, for Odell to be liable for the omission, Qiana must show that she
A) relied on the omission

B) suffered a loss on the stock.
C) knew about the omission before making her purchase.
D) is a sophisticated investor.


B

Business

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A. product diversification. B. channel expansion. C. scrambled merchandising. D. intertype competition. E. vertical differentiation.

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Answer the following statement true (T) or false (F)

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Indicate whether the statement is true or false

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A lower days' sales in inventory for Moonshine, Inc., when compared to other companies, indicates that it is ________

A) selling its inventory more quickly B) spending more on inventory storage C) incurring higher insurance costs D) holding excess obsolete inventory

Business