Trevor is the CEO of Harvest Foods, which is a privately-held corporation. What is the first step he must take if he wishes to take Harvest Foods public?

Which one of the following statements concerning venture capital financing is correct?    A.  Venture capitalists desire shares of common stock but avoid preferred stock. B.  Venture capital is relatively easy to obtain. C.  Venture capitalists rarely assume active roles in the management of the financed firm. D.  Venture capitalists often require at least a forty percent equity position as a condition of financing. E.  Venture capital is relatively inexpensive in today's competitive markets. Refer to section 15.1

30.

Which one of the following statements concerning venture capitalists is correct?    A.  Venture capitalists assume management responsibility for the firms they finance. B.  Exit strategy is a key consideration when selecting a venture capitalist. C.  Venture capitalists limit their services to providing money to start-up firms. D.  Most venture capitalists are long-term investors in a firm. E.  A venture capitalist normally invests in a new idea and finances that idea until the newly-formed firm can issue an IPO. Refer to section 15.1

31.

Which of the following should be considered when selecting a venture capitalist? I. level of involvement II. past experiences III. termination of funding IV. financial strength    A.  I and III only B.  II and IV only C.  I, III, and IV only D.  I, II, and IV only E.  I, II, III, and IV Refer to section 15.1

32.

Trevor is the CEO of Harvest Foods, which is a privately-held corporation. What is the first step he must take if he wishes to take Harvest Foods public?    A.  select an underwriter B.  obtain SEC approval C.  gain board approval D.  prepare a registration statement E.  distribute a prospectus Refer to section 15.2