Which of the following is most likely an example of a non-contingent reward?
A. Performance bonus
B. Annual salary
C. Monthly commission
D. Stock options
Ans: B. Annual salary
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Which of the following statements is correct?
A. An open-market dividend reinvestment plan will be most attractive to companies that need new equity and would otherwise have to issue additional shares of common stock through investment bankers. B. Stock repurchases tend to reduce financial leverage. C. If a company declares a 2-for-1 stock split, its stock price should roughly double. D. One advantage of adopting the residual dividend policy is that this makes it easier for corporations to meet the requirements of Modigliani and Miller's dividend clientele theory. E. If a firm repurchases some of its stock in the open market, then shareholders who sell their stock for more than they paid for it will be subject to capital gains taxes.
When a bank pays interest or collects an amount owed to a company by one of the bank's customers, the bank issues a credit memorandum
a. True b. False Indicate whether the statement is true or false
How many justices sit on the U.S. Supreme Court?
A) 5 B) 7 C) 9 D) 11
What are the consequences of not obtaining a letter of credit?
What will be an ideal response?