An Issue of Securities Offered for Sale to the General

question 317

Multiple Choice

An issue of securities offered for sale to the general public on a direct cash basis is called a _____ offering.

• A) Best efforts.
• B) Firm commitment.
• C) General cash.
• D) Rights.
• E) Red herring.

---

Definitions:

Bones

The rigid organs that constitute part of the endoskeleton of vertebrates, providing structure, protection, and supporting bodily movements.

Rheumatoid Arthritis

An autoimmune disorder that causes chronic inflammation of the joints.

Gout

A form of inflammatory arthritis characterized by recurrent attacks of a red, tender, hot, and swollen joint, often the base of the big toe.

DMARDs

Disease-Modifying Antirheumatic Drugs; a class of medications used to treat inflammatory autoimmune diseases by slowing their progression.