Nick Designs a New Office-Management Software Program and Incorpo?rates Nick's

question 11

Multiple Choice

Nick designs a new office-management software program and incorpo?rates Nick's Niche, Inc., to make and market it. To sell a limited number of shares of stock to the public, the firm must register the shares with

• A) a lawyer with securities law expertise.
• B) a venture capitalist.
• C) the Securities and Exchange Commission.
• D) the U.S. Patent and Trademark Office.

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Definitions:

Stability

A condition where a system, such as an economy or financial market, operates without excessive fluctuations or crises.

Invest

The act of allocating resources, often money, in the expectation of generating an income or profit.

Launching

The act of officially starting or introducing a new product, service, or business to the market.

Probabilities

An assessment of an event's probability, denoted by a figure that falls between 0 and 1.