The term "red herring" that is used for a prospectus before it is approved by the SEC comes from:
a. the traditional red ink and reddish paper used in writing a prospectus b. ancient Roman law traditions
c. a reference to being "in the red" d. no one knows
e. the red paper used when the Securities Act of 1933 was enacted
a
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A corporation cannot reasonably accumulate earnings to
A. protect against pending litigation. B. self-insure. C. redeem stock of an elderly shareholder where such accumulation occurs prior to the shareholder's death. D. fund an employee retirement plan.
Which of the following statements is incorrect?
A. An unadjusted trial balance is a list of accounts and balances prepared before adjustments are recorded. B. Financial statements can be prepared directly from information in the adjusted trial balance. C. Financial statements should be prepared directly from information in the unadjusted trial balance. D. An adjusted trial balance is a list of accounts and balances prepared after adjusting entries have been recorded and posted to the ledger. E. Each trial balance amount is used in preparing the financial statements.
The objective of a competitive strategy is to
A. lend greater detail to the company's business model. B. provide buyers superior value relative to the offerings of rival sellers in order to attain a competitive advantage. C. establish a competitively powerful value chain. D. grow revenues at a faster annual rate than rivals are able to grow their revenues. E. get the company into the best strategic group and then dominate it.
________ is an act that requires certain firms to notify the Federal Trade Commission and the Justice Department in advance of a proposed merger and comply with a thirty-day waiting period before the merger is approved
A) Celler-Kefauver Act B) Hart-Scott-Rodino Antitrust Improvement Act C) Robinson-Patman Act D) Sherman Act