Which of the Following Is Not an Advantage of Shelf

Which of the following is not an advantage of shelf registration?

A) Shelf registration avoids the costs of several registration processes
B) Shelf registration allows the firm to respond quickly to advantageous market conditions.
C) Shelf registration raises the most funds for a firm at the least costly way despite the cumbersome approval process with the Securities and Exchange Commission (SEC) .
D) Shelf registration avoids the costs in time of several registration processes.