Examlex
Which of the following statements is incorrect?
Financial Institution
An organization that provides financial services, such as banking, insurance, or investment management, to consumers and businesses.
New Shares
Shares issued by a company for the first time to the public or existing shareholders as a means of raising capital.
Financial Manager
A professional responsible for managing a company's financial planning and operations, including investment decisions, capital structure, and day-to-day financial activities.
Publicly Traded
A term describing a company that has issued securities through an initial public offering and which are traded on at least one stock exchange.
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