The First Sale of Stock by a Firm to the Public

question 24

Multiple Choice

The first sale of stock by a firm to the public is referred to as a(n) ________.

• A) original public submission
• B) first unrestricted offering
• C) preemptive initial offering
• D) original open offering
• E) initial public offering

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Definitions:

Codes of Ethics

A set of guidelines designed to set out acceptable behaviors for members of a particular group, organization, or profession.

Mission Statements

Brief descriptions of a company's fundamental purpose and values, intended to guide its strategic planning and operations.

Company's Purpose

The fundamental reason a company exists, often defined by its mission statement or core values.

Ethical Person

An individual who consistently demonstrates principles of honesty, integrity, and morality in their actions and decisions.