A burden on another person's estate is a(n):
a. easement b. profit
c. possession d. life estate
e. fee absolute
a
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Which of the following is true with regard to geographic organization?
A) It is the most common form of marketing organization. B) Different marketing activities are headed by a functional specialist. C) It requires salespeople to have international experience. D) It reduces the overall efficiency of salespeople. E) It allows salespeople to work with a minimum of travel time and cost.
Segment margin is equal to segment sales revenue minus
A) variable cost of goods sold, variable selling expense, and direct fixed costs. B) variable cost of goods sold, variable selling expense, and common fixed costs. C) variable cost of goods sold, total selling expense, and direct fixed costs. D) variable cost of goods sold, variable selling expense, administrative expense, and direct fixed costs. E) cost of goods sold, variable selling expense, and fixed factory overhead.
The tax deductibility of various expenses such as general and administrative expenses ________
A) increases their pretax cost B) reduces their after-tax cost C) has no effect on their after-tax cost D) has an unpredictable effect on their after-tax cost
Your firm uses both preferred and common stock as well as long-term debt to finance its operations. Which one of the following will increase the capital structure weight of the debt, all else equal?
A) an increase in the market price of the common stock B) an increase in the number of shares of preferred stock outstanding C) an increase in the quoted price of the firm's bonds as a percentage of face value D) the exercise of warrants by company employees E) the conversion of convertible bonds into equity shares