Which of the following benefits with respect to a customer's service needs and expectations must a business consider to determine if a channel system is viable?

The Howey test for defining a security is based on three elements or characteristics: a) a common enterprise; b) a reasonable expectation of profit; and c) profits derived exclusively from one's own efforts

Indicate whether the statement is true or false

Which of the following describes the long arm statute?

A. A law defining the kinds of partnerships that can be formed between corporations or individuals and foreign companies. B. A law defining the conduct of a foreign person within a state that will subject that person to the jurisdiction of the state. C. A law defining the kind of companies that a company can set up in a foreign country. D. A law defining the kinds of awards that can be sought in an anti-trust case against the government.