Which of the Following Statements Is Not True of Secondary

question 7

Multiple Choice

Which of the following statements is not true of secondary markets?

• A) After securities are sold to the public, they are traded in the secondary market between investors.
• B) The secondary market prices are continually changing as investors buy and sell securities.
• C) The sale of securities is made in the secondary market by way of a new issue.
• D) In the secondary market, financial managers are given feedback about their firm's performance.

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Definitions:

Nonmanagerial Subordinates

Employees who do not have managerial responsibilities and typically report to managers or supervisors.

First-line Management

Managers at the lowest level of an organization who directly supervise and support frontline employees.

Return on Investment

A measure of the profitability of an investment, calculating the ratio of net profits to initial investment costs.

Employee Training

Educational programs and activities designed to enhance the skills, knowledge, and performance of employees.