What is meant by a CUSIP number, and why is it important?
What will be an ideal response?
By a CUSIP number, we mean a unique number assigned to a firm's security to identify it. Thus, its importance lies in its ability to singularly identify each security. Most securities are identified by the characters (letters and numbers) found in its CUSIP number. CUSIP stands for Committee on Uniform Security Identification Procedures. For securities that have nine characters, the first six characters identify the issuer: the corporation, government agency, or municipality. The next two characters identify whether the issue is debt or equity and the issuer of the issue. The last character is simply a check character that allows for accuracy checking and is sometimes truncated or ignored. The CUSIP International Numbering System (CINS) is used to identify foreign securities and includes 12 characters.
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Which of the following is an invalid SQL statement?
A) SELECT * FROM employee; B) SELECT * FROM employee; C) SELECT * FROM employee; D) SELECT *, FROM employee;
You have been asked to explain how rivalry among companies competing in the industry affects the attractiveness of the industry. How would you explain it?
What will be an ideal response?