11. Investor objectives include: A. The amount of money the investor is willing to lose. B. The amount of money the investor initially has to invest. C. The investor's age. D. The investor's return objectives and risk tolerances.

12. Boundaries investors place on their choice of investment assets are A. Investment constraints. B. Investment objectives. C. Investment policies. D. None of the above.

13. Class B shares of stock differ from Class A shares in that Class B shares generally A. Receive higher dividends. B. Cannot be converted to Class A shares. C. Have multiple votes per share compared to Class A shares. D. All of the above.

14. Before a firm can sell shares of common stock to the general public: A. The firm must be in business for at least 10 years. B. The firm must have earned profits for at least the three previous years. C. The firm must issue a Prospectus that has been previously approved by the U.S. Securities and Exchange Commission. D. The firm must be a member of the New York Stock Exchange.

15. A reasonable estimate of a companys long-run revenue growth rate is A. The growth rate of the economys fastest growing industry. B. The rate of inflation. C. The growth rate of the economys nominal GDP. D. The federal funds interest rate.