John buys a particular issue of stock that carries a stated dividend rate of 8 percent per year; that

if this dividend is not paid during a particular year, it will not be paid in a subsequent year
before common stock dividends are paid; that John

can exchange the stock for common stock in
the future, at a specified exchange price; and that if the corporation wants to, it may buy the
stock back from John at $50 per share. This stock is best described as:
A) Noncumulative, redeemable, participating preferred.
B) Cumulative, convertible, participating preferred.
C) Cumulative, redeemable, participating preferred.
D) Noncumulative, convertible, redeemable preferred.


D

Business

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The characteristic of a partnership that gives the authority to any partner to legally bind the partnership and all other partners to business contracts is called

a. unlimited liability b. ease of formation c. mutual agency d. dissolution

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Procter & Gamble recently introduced Pampers Rash Guard. Rash Guard does not represent a new product per se; rather, the diapers are being marketed as an alternative to regular Pampers

What type of innovation do Pampers Rash Guard diapers represent? A) a continuous innovation B) a dynamically continuous innovation C) a discontinuous innovation D) a platform-based innovation E) none of the above

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Positioning strategy is a process that often starts with ________, which help(s) develop a set of attributes for further analysis.

A. surveys B. panel research C. interviews D. focus groups E. case studies

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A person's nickname or initials that indicate his or her intent are not considered binding signatures

Indicate whether the statement is true or false

Business