All of the Following Are True with Regard to the Demand

question 102

Multiple Choice

All of the following are true with regard to the demand for financial advisers except

• A) many people lack an understanding of personal finance.
• B) many people prefer to rely on advisers rather than making their own decision.
• C) many people are just not interested in making their own financial decisions.
• D) the law requires that you use advisers before making investments.

---

Definitions:

Common Stockholders

Common stockholders are individuals or entities that own shares of common stock in a company, granting them rights to vote on corporate matters and receive dividends.

Authorized Shares

The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.

Issued Shares

The total number of shares that a corporation has legally sold to investors, including those held by the public and the company's officers or insiders.

Outstanding Shares

Outstanding shares refer to the total number of shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares.