​You Did Not Obtain a License for Your Bicycle

question 8

Multiple Choice

​You did not obtain a license for your bicycle.The city ordinance requiring bike licenses carries a $50 fine for the failure to obtain a license.Which of the following is true?

• A)​This is an example of a criminal law.
• B)​This is an example of a private law.
• C)This is an example of a state regulation.
• D)This is an example of tort law.

---

Definitions:

Working Capital Management

The process of managing short-term assets and liabilities to ensure a company operates efficiently.

Dealer

A person or firm in the business of buying and selling securities for their own account, rather than for customers.

Commodity

Basic goods used in commerce that are interchangeable with other goods of the same type.

Original Issuer

The entity that first creates and offers securities or financial instruments to the public, such as bonds or stocks.