The 1933 Act prohibits fraud only in transactions involving registered securities
a. True
b. False
Indicate whether the statement is true or false
False
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The Superior Company acquired a building for $500,000. The building was appraised at a value of $575,000. The seller had paid $300,000 for the building 6 years ago. Which accounting principle would require Superior to record the building on its records at $500,000?
A. Monetary unit assumption. B. Revenue recognition principle. C. Measurement (Cost) principle. D. Business entity assumption. E. Going-concern assumption.
Which of the following best describes message execution?
a. It is the way an advertisement portrays its information. b. It is the series of steps taken by marketers to finalize a product's unique selling proposition. c. It is the process where a manufacturer and retailer split the costs of advertising the manufacturer's brand. d. It is the manner in which consumers interpret an advertisement.
Investors generally don't like risk. Therefore, a typical investor
A) will only accept a zero return if the risk is zero. B) will not be induced to take on any risk. C) will only take on additional risk if he expects to be compensated in the form of additional return. D) will only take on the least risk possible.
Article 2 allows the parties to enter into a binding agreement even though the contract price is to be determined at a later date
a. True b. False Indicate whether the statement is true or false