A Firm That Wants to Engage in a Secondary Stock

question 55

True/False

A firm that wants to engage in a secondary stock offering does not need to file the offering with the SEC.

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Definitions:

Civil Service Reform Act

Legislation intended to improve the quality of public service by structuring federal employment on merit and performance rather than political affiliation.

Spoils System

A practice where a political party, after winning an election, gives government jobs to its supporters, friends, and relatives as a reward.

Federal Civil Service

Employment sector composed of federal government employees who are appointed based on merit rather than political affiliation.

Federal Bureaucracy

The collection of government agencies and departments that carry out policies and administer public programs at the national level.