The Internet Is Not Very Useful for Firms That Want

question 8

True/False

The Internet is not very useful for firms that want to target government markets.

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Definitions:

Intrastate Offering Exemption

A legal exemption allowing securities to be sold within a single state without needing to register with the federal Securities and Exchange Commission.

Rule 147

A regulation under the U.S. Securities Act of 1933, facilitating companies to raise funds from investors within their state without registering the offer with the SEC.

Intrastate Resale

The sale of goods or services within the same state, not crossing state boundaries.

Section 404

A section of the Sarbanes-Oxley Act in the United States that requires management and auditors to report on the adequacy of a company's internal control on financial reporting.