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NEW QUESTION: 1
Mr. Big of HiGrow Corporation needs more money to support the exceptional growth rate that his firm is enjoying. He meets with BigFee Investment Banker, who agrees to handle the IPO for HiGrow. As part of the process, BigFee's staff works with HiGrow's accountants to prepare the registration statement that is filed with the SEC. After the issue has been sold to the public, Mr. Sharp, a CPA who has invested in the stock of HiGrow, discovers that there are some accounting irregularities in the financial statements provided in HiGrow's prospectus.
Who can be sued for the misleading statements?
I. Mr. Big
II. Big Fee Investment Banker
III. HiGrow's accountants
IV. HiGrow's attorneys
A. I, III, and IV only
B. II and III only
C. I and II only
D. I, II, III, and IV
Answer: D
Explanation:
Explanation/Reference:
Explanation: All of the entities can be sued for misleading statements found in HiGrow's financial statements. The Securities Act of 1933 holds any individual who participates in bringing the new issue to the public civilly liable for misrepresentations found in the prospectus.
NEW QUESTION: 2
Andy and Annie Raggedy own their own graphics art business that they operate out of their home and, happily, generate enough income to meet their current needs. The couple is planning on having children in the not too distant future, however, and they want to start putting money aside for their children's college education and also want to start saving for retirement more aggressively.
A. Which of the following describes one of their primary investment objectives? tax-exempt income
B. preservation of capital
C. capital appreciation
D. current income
Answer: C
Explanation:
Explanation/Reference:
Explanation: Since Mr. and Mrs. Raggedy's stated goals are to save for their future children's college education and to save for retirement, one of primary investment objectives is capital appreciation. That is, they will want to invest their monies in assets that will grow at a sufficient rate for them to be able to meet these targets. They have enough income to meet their current needs, so Choices A and C are not primary objectives, and although we'd all like to preserve capital, we need to take some risk in order to get the returns we require.
NEW QUESTION: 3
Exhibit: Which two statements are correct for a safe wiring installation to the terminal block of the switch or endpoint? (Choose two.)
A. Because this is a low-voltage DC circuit, anyone can install this wiring without electrical training or qualifications.
B. A ground wire can optionally be connected to the screw terminal on the front of the switch.
C. Connect the positive 24 VDC conductor to the V terminal and connect the negative 24 VDC return wire to the RT terminal.
D. Insert a green ground wire into the terminal block that is marked RT for return.
E. Verify that the DC power circuit includes an overcurrent protective device that limits the DC current to 5 A.
F. Verify that DC power is live and within 24 VDC voltage range before starting wiring.
Answer: C,E
NEW QUESTION: 4
The budget office has informed a project manager that cost variances for every project will be monitored at the work package level What should the project manager do during the cost estimating activity in the project to make it possible to control cost at the work package level?
A. Use the work breakdown structure (WBS)
B. Estimate percent complete
C. Use parametric estimating
D. Use analogous estimating
Answer: A
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