The preemptive right allows shareholders
A)
to overthrow existing corporate officers if they fail to earn profits.
B)
to maintain their proportionate ownership interest in the corporation.
C)
to convert their shares of stock into bonds, if dividends are not paid.
D)
to receive a dividend before interest is paid to bondholders.
B
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On April 1, 2016, Meyers Company purchased a bulldozer. Payment, totaling $70,000, is not due until April 1, 2018. Assuming interest at a 12% annual rate, Meyers should debit Machinery on April 1, 2016, in the amount of
A) $70,000. B) $62,500. C) $61,600. D) $55,804.
In a waterfall approach to international expansion, ________
A) firms enter countries gradually in a sequence B) firms enter those countries first where the demand for the product is greatest C) countries are entered based upon the availability of government subsidies D) firms enter those countries first where the supply of raw material is greatest E) countries are entered based upon ease of entry
A ________ places a ceiling on director liability for breach of duty; the board and the shareholders, however, may amend the corporate charter to reduce the cap.
A. self-executing statute B. charter option statute C. SEC oversight statute D. cap on monetary damages statute
Which of the following is a traditional right of buyers?
A) the right to charge any price for a product, provided no discrimination exists among similar kinds of buyers B) the right to spend any amount to promote a product, provided it is not defined as unfair competition C) the right to use any product message, provided it is not misleading or dishonest in content or execution D) the right to use buying incentive programs, provided they are not unfair or misleading E) the right not to buy a product that is offered for sale