JLK Is a Partnership That Was Formed Two Years Ago

question 86

Multiple Choice

JLK is a partnership that was formed two years ago and has been extremely successful thus far. The owners have decided to incorporate and offer shares of stock to the general public. What is this type of an equity offering called?

• A) Venture capital offering
• B) Shelf offering
• C) Private placement
• D) Seasoned equity offering
• E) Initial public offering

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Definitions:

Worker Safety

Regulations and practices designed to protect employees from hazards and risks associated with their work environment.

Dust Particles

Tiny solid particles often found in the air, resulting from soil dust, pollen, soot, and other materials.

Textile Company

A company engaged in the production and distribution of yarn, cloth and clothing made from natural fibers like cotton, wool, or synthetic fibers.

Opportunity Cost

Foregoing the chance to benefit from other alternatives when one choice is made.