Only 20 percent of small businesses survive after five years of operation
Indicate whether the statement is true or false
FALSE
Explanation: Just over half of all start-ups survive after five years of operation. This indicates that there are significant risks associated with starting a small business.
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Unfortunately, you cannot use packaging to enhance value when selling intangible products
Indicate whether the statement is true or false
An audit of Level 1 assets is likely to be less challenging than an audit of Level 3 assets
a. True b. False Indicate whether the statement is true or false
Investors who purchased unregistered securities can rescind their purchase but not recover damages
Indicate whether the statement is true or false
The provisions of Section 17(a) of the 1933 Act:
a. primarily allow for a private right of action for persons injured by the act. b. make it unlawful to engage in any transaction, practice, or course of business that operates as deceit upon the issuer. c. make it unlawful in the offer or sale of any securities to obtain property by any statement that omits a material fact without which the information is misleading. d. None of these.