A conflict of interest between providing impartial research about companies issuing securities and selling those same securities arises in

Environment as used in the textbook is the forces surrounding and influencing the life and development of the firm and is classified as:

A. controllable or uncontrollable. B. domestic or foreign. C. internal or external. D. all of the above. E. A and C.

A breach by the buyer will shift the risk of loss to the buyer as soon as the breach occurs if the

risk has not already shifted. Indicate whether the statement is true or false