Offerings Exempted from Registration Under Rule 504 of Regulation D

question 34

Multiple Choice

Offerings exempted from registration under Rule 504 of Regulation D may raise up to $5 million in a:

• A)6-month period
• B)9-month period
• C)12-month period
• D)24-month period

---

Definitions:

Extra Value Meal

A marketing offer by fast-food restaurants where a combination of items is sold together at a reduced price, compared to buying each item separately.

Profit Equation

Profit = Total revenue − Total cost; or Profit = (Unit price × Quantity sold) − (Fixed cost + Variable cost).

Total Revenue

the overall income generated by a business from its operations, before any expenses are deducted.

Total Cost

The complete cost of producing or acquiring a product or service, including all direct and indirect expenses.