Answer:
The correct answer is b) "The greater the degree of product variation, the greater is the excess capacity problem."
Explanation:
Excess capacity means that the demand for a stock is less than the quantity that the company probably could provide to the market.
- The greater the degree of product variation, the greater is the excess capacity problem.
- A lower scale of output than it has been designed for creates an excess of capacity.
Answer:
C. State and local governments
Explanation:
Securities are commercial debts or equity instruments sold to investors in the financial markets. Public-listed corporations or the government may issue securities as a way of raising capital. The Securities Act of 1933 requires securities registered with the SEC and abide by the other provisions in the act, such as full disclosure of financial information.
However, not all securities issued must be registered with the SEC. Exemptions are granted to certain types of securities. Financial instruments issued by or having government backing are considered to have the exception status.
Answer: d. a misrepresentation of a fact knowing it is falso
Explanation:
Reliance that gives rise to liability for fraud requires intentional misrepresentation, that is a misrepresentation of a fact knowing that it is false. If Ness, the broker intentionally misled Ollie and advised Ollie to buy Penny stock shares based on Ness's that the stock price will rise Ness will be charged with fraud.