1.

How are stock prices determined in the secondary market?

	a.	they are set by the SEC
	b.	stock prices never fluctuate from the IPO price
	c.	they are determined by supply and demand
	d.	Donald Trump sends out a tweet

2. Where does trading of the stock of public companies that are not listed occur?

	a.	in private placements
	b.	in the primary market (IPOs)
	c.	on the NYSE
	d.	in the over the counter market

3. The shareholders of a corporation elect ___ to represent their interests.

	a.	all of the officers of the corporation
	b.	the board of directors
	c.	the CEO of the corporation
	d.	the CFO of the corporation

4.In order to protect owner's personal assets from lawsuits against the business, the business should be organized as a

	a.	sole proprietorship
	b.	partnership
	c.	corporation
	d.	none of the above forms of business offers that protection

Which of the following is NOT true of "sales"?

	a.	it appears on the income statement
	b.	it is another name for profit
	c.	it can be calculated by multiplying the number of units of product sold X the price of each unit
	d.	all of the above are true of sales