The Primary Distinction Between Securities Sold in the Primary and Secondary

question 66

Multiple Choice

The primary distinction between securities sold in the primary and secondary markets is the:

• A) riskiness of the securities.
• B) price of the securities.
• C) previous issuance of the securities.
• D)profitability of the issuing corporation.

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Definitions:

Shop Right Doctrine

A legal principle that allows an employer to use an invention created by an employee during employment without compensation beyond their salary.

Doctrine of Equivalents

A principle in patent law that allows for the enforcement of a patent against a product or process that does not literally infringe upon the patented invention but performs substantially the same function in substantially the same way to achieve the same result.

Trade Secret

Information that is not known to the public, confers a competitive advantage, is subject to reasonable efforts to maintain its secrecy, and is valuable to its holder.

Reasonable Measures

Actions or steps that are considered sensible and proportionate to the situation, taken to achieve a specific purpose or to prevent certain outcomes.