Corporations may buy back their own stock for any of the following reasons except to:

A. Have shares available for a merger or acquisition.
B. Avoid a hostile take-over.
C. Maintain market value for the company stock.
D. Have shares available for employee compensation.
E. Allow management to assume the voting rights.


Answer: E

Business

You might also like to view...

Which of the following would be a case where an event as a transaction is not supported by a source document?

a. a purchase of inventory on credit b. a cash sale c. the financial consequences of a fire loss d. recording payroll

Business

If tangible exchanges are missing in a leader-follower relationship, ______.

a. it would probably cause problems b. it probably would not cause problems c. intangible exchanges would replace them d. intangible exchanges would probably grow stronger

Business

A tenet of common law that held that unions were illegal attempts to interfere with free market competition is known as the _________________________.

Fill in the blank(s) with the appropriate word(s).

Business

What is defined as an individual’s use of space when interpersonally communicating with others?

a. Affect displays b. Adapters c. Callisthenics d. Proxemics

Business