All of the following are true about IPO's, except
A) an IPO is the first time a firm's shares are listed on a stock exchange and publically traded.
B) an IPO is the first time a firm sells shares to investors.
C) after the IPO, shares begin trading on the secondary market.
D) All of the statements are true about IPO's.
Answer: A
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Jupiter Manufacturing began business on January 1. During its first year of operation, Jupiter worked on five industrial jobs and reported the following information at year-end:
What was the balance in Work-in-Process Inventory at year-end?
A) $2800
B) $2400
C) $2100
D) $1100
The ________ states that an executory contract which cannot be performed by its own terms within one year of its formation must be in writing
A) parol evidence rule B) common law of contracts C) merger clause D) one-year rule
Back-end loads
A) are charged when an investor buys their mutual fund shares. B) are charged if an investor sells his or her shares within the first few years. C) were designed to help no-load funds cover their marketing expenses. D) encourage short-term trading.
Ashock has been brought in as a consultant for a large organization. He is tasked with identifying the goals, policies, and action sequences the company should take to offset competitive challenges. Ashock will be implementing
A. management by objectives. B. operational management. C. process mapping. D. strategic management. E. transactional management.