Which of the following is a difference between an exchange market and an over-the-counter (OTC) market?
A) An exchange market is a securities market, whereas an OTC market is a goods market.
B) An exchange market has no membership qualifications, whereas an OTC has membership qualifications.
C) An exchange market provides a physical facility for the buying and selling of securities, whereas an OTC market has no physical facility.
D) An exchange market involves brokers buying directly from the public, whereas an OTC market involves brokers buying and selling stocks through registered specialists.
C
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How does the separation of ownership and control in public stock companies present a problem? Provide an example of this problem from your reading in this class, your reading outside of class, or your own experience.
What will be an ideal response?
Which of the following is TRUE about the threat of new entrants?
A) New entrants often increase capacity within the industry. B) The easier to enter an industry, the higher the profit margins and growth potential. C) If competitors are strong, existing competitors will not react strongly to any new entrants. D) If there are huge barriers to entry, competitors will be attracted to the industry.
Public hearings are required in formal administrative agency rulemaking.
Answer the following statement true (T) or false (F)
Briefly discuss the meaning of ethics.
What will be an ideal response?