Utilities Inc

question 28

Multiple Choice

Utilities Inc. decided to go public with an initial public offering. It sold securities, some of which were bought by James Jefferson. Six months later, James sold the shares he had purchased to Martha Graham and Mark Franco. Two years later, James bought back these shares from Martha and Mark and made a profit out of both transactions. Who is the issuer in this scenario?

• A) Utilities Inc.
• B) James Jefferson
• C) Martha Graham
• D) Mark Franco

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Definitions:

Management Reserves

Funds set aside by management for unforeseen changes in the scope or cost of a project.

Contingency Reserves

Allocated resources, time, or funds kept in reserve to address potential unforeseen obstacles or costs in a project.

Budget Baseline

The original approved plan for the project's budget against which project performance can be monitored and controlled.

Last Moment

A point in time immediately before a deadline or significant event, often associated with high stress or urgency.