Which of the Following Statements Is TRUE

Multiple Choice

Which of the following statements is TRUE?
I. Stock prices provide signals on how well a company is performing.
II. The stock market is a mechanism that firms use to raise money to buy capital.
III. The stock market provides a mechanism for poorly managed companies to be taken over by more competent managers.

A) III only
B) I and II only
C) I, II, and III
D) I and III only