An important difference between offering prospectus in a public bond issue and the offering memorandum in a private placement is
A) all relevant factual information about the firm and its financing is required in the prospectus but not in the offering memorandum.
B) evidence of due diligence is required in the offering memorandum but not in the prospectus.
C) the prospectus may not contain any projections about the company's future while an offering memorandum has no such restriction.
D) There are no differences between these two documents.
C
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A nation has a population of 260 million people. Of these, 60 million are retired, in the military, institutionalized, or under 16 years old. There are 188 million who are employed and 12 million who are unemployed. What is the unemployment rate?
A. 27% B. 6% C. 9% D. 4%
Firms are ________ with an economic profit of zero, they will ________ in the industry because they ________ be better off in another industry
A) satisfied, stay, won't B) unsatisfied, leave, will C) satisfied, leave, will D) unsatisfied, stay, won't
All of the following reduce the transaction costs for consumers EXCEPT
A) eBay. B) a shopping mall. C) the Supreme Court decisions regarding the Second Amendment. D) a grocery store.
In general, pollution exists in situations in which
A) people are selfish. B) people refuse to take social responsibility seriously. C) there are poorly defined private property rights. D) there exists public property.