Smith, Jones, and Brown incorporated a company called Yakima Ltd. The three were the only shareholders, directors, officers, and employees. Jones and Brown disliked working with Smith
They knew he was good for the company, but they disliked his personality and politics. After a year, Jones and Brown, as directors, removed Smith as an officer and employee and raised their own salaries as employees. They then voted Smith out as a director at the next shareholders' meeting. Which of the following provisions of the Corporations Act would aid Smith?
A) Shareholder oppression
B) Pre-emptive rights
C) Indoor management rule
D) Derivative action
E) Dissent procedures
A
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Which of the following is a basic factor that determines the boundaries within which market prices should be set?
A) market access B) competition C) service D) export duties
A new product carries a low price for a limited period of time to attract customers in what type of pricing strategy?
A) price skimming B) trial pricing C) penetration pricing D) specialty pricing E) price bundling
If a company carries safety stock and its annual carrying costs per unit are $0.30, what formula yields the total annual carrying costs?
a. $0.30 ? [(EOQ/2) + Safety stock)] b. $0.30 ? (EOQ + Safety stock) c. $0.30 ? [(EOQ ? 2) + Safety stock)] d. $0.30 ? (EOQ - Safety stock)
The need step in Monroe’s Motivated Sequence involves ______.
a. introducing a proposed solution to an existing problem b. elaborating on the need to address a particular issue c. showing the audience how a proposed solution can fix a problem d. creating awareness that a problem exists