Alarge retail company has 500 stores in the united states and 300 stores in europe. the average number of employees per store is 200, for a total of 100,000 employees in the united states and 60,000 employees in europe. the company is considering offering employees one of two new benefits - one additional day of paid vacation per year or a small increase in pay. a survey will be given to a sample of employees to investigate which benefit is preferred and whether there is a difference in preference between employees in the united states and employees in europe.

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.