Which of the following is an advantage of a cash offer over a rights offer?
A) The underwriter can credibly attest to the issue's quality.
B) The overall costs are lower.
C) There is no loss imposed on the current holders of stock.
D) There are lower underwriting fees.
Answer: A
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Which of the following is the means by which companies post purchase requests online and invite suppliers to bid for their business?
A) extranet links B) intranet connections C) trading exchanges D) traditional procurement E) reverse auctions
Mary is a bartender at a local pub. The state in which Mary works requires all bartenders to be
licensed. No special education or experience is required, but one must pay $25 per year for the license. Mary was not aware of this, so she did not obtain a license. When her boss found out about this, he refused to pay Mary for the two weeks of work that she had done. Mary sues. What results? A) Since this type of licensing is unconstitutional, Mary can collect her wages. B) Since this is a revenue raising statute, Mary can collect her wages. C) Since this is an illegal contract, the courts will not enforce it. D) Since this is a revenue raising statute, Mary cannot collect her wages. E) Since Mary violated a regulatory statute, the contract is illegal.