An organization's product mix includes all of the products it sells
Indicate whether the statement is true or false
a. True
b. False
ANSWER: True
An organization's product mix includes all of the products it sells. Firms widen their product mix to diversify risks or to capitalize on established reputations.
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To provide greater clarity to business ________, many companies and professional groups publish a code of conduct.
Fill in the blank(s) with the appropriate word(s).
Use the following information to answer the question below. When Calvert Corporation was formed on January 1, 2010, the corporate charter provided for 50,000 shares of $20 par value common stock. The following transactions were among those engaged in by the corporation during its first month of operation: 1 . The corporation issued 200 shares of stock to its lawyer in full payment of the $5,000
bill for assisting the company in drawing up its articles of incorporation and filing the proper papers with the state agency. 2 . The company issued 8,000 shares of stock at a price of $25 per share. 3 . The company issued 7,000 shares of stock in exchange for equipment that had a fair market value of $160,000. The entry to record transaction 2 would be: a. Cash 200,000 Common Stock 200,000 b. Cash 200,000 Common Stock 160,000 Additional Paid-in Capital 40,000 c. Cash 160,000 Additional Paid-in Capital 40,000 Common Stock 200,000 d. Cash 160,000 Common Stock 160,000
Identify the duty of obedience according to which board members should strive toward corporate objectives and are not permitted to act in a way that is inconsistent with the central goals of an organization.
A. Duty of good faith B. Duty of candor C. Duty of loyalty D. Duty of care
Which of the following exemplifies a negative stroke??
A) ?An employee receiving an appreciation message from his boss B) ?An employee being congratulated for a promotion C) ?A student being reprimanded by his school principal D) ?A speaker receiving complete attention from an audience