Respuesta :
Management's first step in any issue of securities to the public is to distribute copies of the preliminary prospectus.
What do you meant by management's?
To accomplish a goal, tasks must be organized and coordinated through management. Setting the organization's strategy and organizing the staff's efforts to achieve these goals by utilizing the resources at hand are examples of such administration activities.
What is preliminary prospectus?
During the waiting period of the initial public offering process (IPO), issuers provide prospective investors with a preliminary prospectus that provides information about their company's operations and their offering. The phrase "red herring" is another term for a preliminary prospectus.
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I understand that the question you are looking for is:
Management's first step in any issue of securities to the public is:
A .to file a registration form with the SEC.
B. to distribute copies of the preliminary prospectus.
C. to distribute copies of the final prospectus.
D. to obtain approval from the board of directors.
E . to prepare the tombstone advertisement.
