Which statements regarding oil and gas limited partnerships are TRUE?
I. Developmental programs are more risky than exploratory programs.
II. Exploratory programs are more risky than developmental programs.
III. Successful developmental programs provide higher returns than exploratory programs.
IV. Successful exploratory programs provide higher returns than developmental programs.
A) I and IV.
B) I and III.
C) II and IV.
D) II and III.
Answer: C) II and IV.
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Marketability is the ability of an investor
A) to sell a security quickly, at a low transaction cost, and at a price close to its fair market value. B) to sell at a profit under all circumstances. C) to sell the security above its par value. D) None of the above.
A merchandiser does not need to calculate cost per unit because it resells goods that are already manufactured
Indicate whether the statement is true or false