Which of the Following Statements Is False

question 3

Multiple Choice

Which of the following statements is false?

• A) After deciding to go public, managers of the company work with an underwriter, an investment banking firm that manages the offering and designs its structure.
• B) The shares that are sold in the IPO may either be new shares that raise new capital, known as a secondary offering, or existing shares that are sold by current shareholders (as part of their exit strategy), known as a primary offering.
• C) Many IPOs, especially the larger offerings, are managed by a group of underwriters.
• D) At an IPO, a firm offers a large block of shares for sale to the public for the first time.

---

Definitions:

Cultural Power

The influence and ability of cultures or cultural entities to shape societal norms, values, and practices.

Institutional Racism

A form of racism that is embedded as normal practice within society or an organization, leading to discrimination and inequality.

Modes of Power

Modes of power refer to the various ways through which authority, control, and influence are exercised in social, economic, and political contexts.

Systemic White Domination

A form of racial domination that privileges White individuals and communities through embedded and normalized societal structures and practices.