"Truth in lending" was mandated under the Consumer Protection Act of 1969 and requires all lenders to reveal the annual percentage rate, or APR, on loans

Which one of the following statements is correct?

a. All secondary markets are dealer markets b. All secondary markets are broker markets c. All stock trades between existing shareholders are primary market transactions d. All stock transactions are secondary market transactions e. All over-the-counter sales occur in dealer markets

Suppose you own a successful bicycle repair business. Why would you consider incorporating?

(A) To avoid double taxation. (B) To raise money more easily. (C) To avoid government regulations. (D) To acquire greater control in managing the business.