For the first time, Liz has decided to sell shares of her company to the public in order to raise some capital to build a new factory. Liz is launching a(n)

Question

Quizplus · Accepted Answer

Liz's decision to sell shares of her company to the public for the first time is an initial public offering (IPO) as it involves the company going public and offering its shares to the general public for the first time. B, C, D, and E do not accurately describe Liz's situation.

For the First Time, Liz Has Decided to Sell Shares