Which of the following statements best describes financial markets?

A) If Disney issues additional shares of common stock through an investment banker, this would be a secondary market transaction.
B) The IPO market is a major part of the secondary market.
C) Only institutions, not individuals, can participate in derivatives market transactions.
D) Money market transactions involve debt securities with maturities of less than one year.

If a person is unable to understand the nature and effect of entering into a contract, he or she can avoid it.

A project has an accounting break-even point of 2,000 units. The fixed costs are $4,200 and the depreciation expense is $400. The projected variable cost per unit is $23.10. What is the projected sales price?

A) $20.80
B) $21.00
C) $21.20
D) $25.40
E) $25.60

Negotiators who don't care about their power or who have matched power - equally high or low - will find that their deliberations proceed with greater ease and simplicity toward a mutually satisfying and acceptable outcome.

Directors' meetings:

A) require a majority number of directors to attend,called a quorum.
B) are always called after reasonable notice to the directors.
C) are always required in order for the board to take action.
D) permit directors to cast up to three votes each.

A(n) _____ of behavior is used when a leader must set challenging goals for followers and show strong confidence in those followers.

A) supportive style
B) directive style
C) participative style
D) achievement-oriented style