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Basic Question 1 of 10
Over 40% of New York stock-exchange-listed companies, and over 50% of Fortune 500 companies, are incorporated in Delaware. As part of this process, Delaware, "a pygmy among the 50 states prescribes, interprets, and indeed denigrates national corporate policy as an incentive to encourage incorporation within its borders, thereby increasing its revenue" (Cary, supra, n.5, 701.). This phenomenon is referred to as:
B. Regulatory competition.
C. Regulatory advantage.
A. Regulatory attraction.
B. Regulatory competition.
C. Regulatory advantage.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.

Tamara Schultz
Learning Outcome Statements
describe the economic rationale for regulatory intervention;
CFA® 2025 Level I Curriculum, Volume 1, Module 10.