A mastery of _____________________ is an advantage to any professional person of any nationality

Which of the following statements regarding best efforts IPOs is FALSE?

A) For smaller IPOs, the underwriter commonly accepts the deal on this basis. B) The underwriter does not guarantee that the stock will be sold, but instead tries to sell the stock for the best possible price. C) Often these arrangements have an all-or-none clause: either all of the shares are sold in the IPO, or the deal is called off. D) If the entire issue does not sell out, the underwriter is on the hook.

In an effort to create a positive image in communities, the outdoor advertising industry:

A) adopted a voluntary code of principles. B) made significant contributions to major political parties. C) hired one of the most visible public relations agencies. D) lobbied state legislators for more time to "clean up its act." E) began to report offenders through a whistleblower plan.