Many firms disaggregate the initial amounts they received from shareholders for common shares into the par or nominal or stated value of the shares and the amounts received in excess of this value, called:
a. additional paid-in capital (APIC).
b. share premium.
c. capital contributed in excess of par value.
d. Choices a, b, and c are correct.
e. None of these answer choices is correct.
D
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Indicate whether the statement is true or false
Which if the following describes a product-market most accurately?
A. Competing sellers offer physically or conceptually similar products. B. No intermediaries operate in the market. C. All the customers want the same product but will consider a substitute if their preferred brand is not available. D. One seller has a patent for a superior product and other firms try to imitate the leader the best they can. E. Exchanges are based on barter rather than money.
A Nike salesperson is informed by a retailer that ten pairs of shoes are damaged and cannot be sold. After looking at the merchandise, the salesperson determines the damage occurred during the packaging process. What should the Nike salesperson do to handle this situation?
A. Return the merchandise and provide a refund. B. Try to convince the customer to buy some new merchandise. C. Help the customer dump the unsalable inventory. D. Inform the client that these kinds of losses are common in retail business. E. Apologize to the client and state that the problem will not happen in the future.
The purest form of an impulse purchase is _____
a. partially unplanned b. unplanned substitution c. completely unplanned d. reminder impulse