United Delivery Corporation is a public company whose shares are traded in the public securities markets. Under the Securities Act of 1933, United Delivery is required to

A) buy or sell its securities only on a national security exchange.
B) register its securities transactions unless they qualify for an exemption.
C) invest its own managerial or entrepreneurial efforts.
D) issue instruments representing corporate ownership or debt.

Securities Act

A U.S. federal law enacted in 1933 that governs the first sale of securities (stocks, bonds) to the public, requiring disclosure and registration.

Public Securities

Public Securities are financial instruments issued by governments or municipalities, such as bonds or notes, that are available for purchase by the public.

United Delivery

A generic term possibly referring to a delivery or courier service that operates on a uniform or nationwide basis.