ADRs

question 5

Multiple Choice

ADRs

• A)frequently represent a multiple of the underlying shares.
• B)can trade on the NYSE.
• C)can trade on the NASDAQ.
• D)all of the options

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Definitions:

Fiduciary Duties

Obligations of trust and confidence requiring a party to act in the best interests of another party.

Limited Liability Company

A business entity model combining the benefit of limited liability from a corporation with the direct tax advantages of a partnership or sole proprietorship.

Breaching

The act of violating a law, duty, other form of agreement, or trust.

Taxed As A Corporation

Refers to a taxation status where a business entity is treated as a corporation for tax purposes, subjecting it to corporate income tax rates and regulations.