1. The JOBS Act of 2012 enabled what type of offerings? A. OPOs consisting of equity crowdfunding offerings conducted over the Internet B. IPOs conducted on regional exchanges C. Rewards-based crowdfunding offerings conducted over the Internet D. Equity crowdfunding offerings conducted on the NYSE

2. A firm has the following sale figures: l Year 2011: $4.6 million; l Year 2012: $5.1 million l Year 2013: $4.2 million l Year 2014: $3.8 million l Year 2015: $4.3 million Using the average approach, determine the forecast for the next year's sales. A. $5.1 million B. $5.4 million C. $3.2 million D. $4.4 million

3. A firm has the following sales figures: l Year 2011: $2.1 million l Year 2012: $2.3 million l Year 2013: $2.5 million l Year 2014 $2.2 million l Year 2015: $3.1 million Using the nave approach, determine the forecast for next year's sales. A. $3.2 million B. $2.5 million C. $3.4 million D. $3.1 million