Assuming no exemption applies, what is the penalty for a violation of section 5 of the 1933 Act through offering a security for sale without an effective registration statement or by means of a noncomplying prospectus?
a. The purchaser may keep the shares if the investment proves successful; or if within one year from the date of purchase the investment proves unprofitable, the investor can get his or her money back.
b. The purchaser must keep the shares if the investment proves successful; or if within one year from the date of purchase the investment proves unprofitable, the investor will be refunded his or her money.
c. The investor has no option to keep the shares but will be refunded his or her money.
d. The investor must hold the shares for at least two years but will be refunded his or her money if the investment has failed to show a profit within that amount of time.
a
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All of the following statements are true except:
a. IFRS requires that estimates of residual value and the life of the asset be reviewed at least annually and revised if necessary. b. The FASB standards do not have a specific rule that requires residual value and asset life to be reviewed annually. c. IFRS does not have a specific rule that requires residual value and asset life to be reviewed annually. d. The FASB generally requires operating assets to be recorded at acquisition cost, less depreciation, and the assets' values are not changed to reflect their fair market values or selling prices.
What is the LEAST relevant question to ask when assessing a firm's main competitor?
A) What are the competitor's objectives? B) What is the competitor's strategy? C) What are the competitor's strengths? D) What are the competitor's locations? E) What are the competitor's weaknesses?
The sampling error is the
A. same as the standard error of the mean. B. difference between the value of the sample mean and the value of the population mean. C. error caused by selecting a bad sample. D. standard deviation multiplied by the sample size.
An obligation to pay a negotiable instrument subject to conditions precedent is known as:
a. primary liability. b. secondary liability. c. acceptance. d. dishonor.