Which One of the Following Transactions Occurred in the Primary

question 1

Multiple Choice

Which one of the following transactions occurred in the primary market?

• A)Maria gave 100 shares of Alto stock to her best friend.
• B)Gene purchased 300 shares of Alto stock from Ted.
• C)South Wind Products sold 1,000 shares of newly issued stock to Mike.
• D)Terry sold 3,000 shares of Uno stock to his brother.
• E)The president of Trecco, Inc. sold 500 shares of Trecco stock to his son.

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Definitions:

Production

The act of producing goods and services by merging workforce, materials, and technology.

Consumers

Individuals or entities that purchase goods or services for personal use or consumption.

Utility

Utility is an economic concept referring to the satisfaction or benefit a consumer receives from consuming a good or service.

Organizational Buyers

Businesses or entities that purchase goods and services for their own use, for production, or for resale to others.