___________________ Are Comprised of Direct Costs, the Spread, and Underpricing

question 146

Multiple Choice

___________________ are comprised of direct costs, the spread, and underpricing.

• A)Commission costs
• B)Flotation costs
• C)Brokerage commissions
• D)none of the above

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Definitions:

Sole Proprietorship

A business owned and operated by one person, where there is no legal distinction between the owner and the business.

Unlimited Liability

A legal obligation where business owners and partners are personally responsible for all debts and liabilities of the business.

Societies Act

Legislation that governs the registration and management of not-for-profit corporations or societies in certain jurisdictions.

Partnership Exists

A legal relationship formed when two or more persons carry on a business in common with the aim of profit.