Which of the following provisions is not part of the Dodd-Frank Wall Street Reform and Consumer Protection Act?
A) Shareholders get a vote to voice their opinions on the salary package for the officers
B) Board compensation committees must be comprised of independent directors.
C) Boards must give an explanation to shareholders if the positions of CEO and chair of the board are held by the same person.
D) Corporations may not make personal loans to officers and directors.
D
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Rewards given as contest prizes to brokers, retail salespeople, retail stores, wholesalers, or agents would be considered a:
A) trade allowance B) trade contest C) cooperative merchandise agreement D) drop-ship allowance
The reason that a discount factor in year 3 is less than a discount factor in year 2 is that
A) cash flows are uneven. B) compounding does not occur. C) cash flows are even. D) present value is positive. E) a dollar received in three years is worth less than a dollar received in two years.
Given the cost formula Y = $23,000 + $8X, total cost at an activity level of 7,000 units would be:
A. $56,000 B. $79,000 C. $33,000 D. $23,000
A debt backed by some physical asset other than land, such as machinery, equipment, or inventory, is termed ________.
A. chattel mortgage loan B. intermediate-term security C. trade credit D. preferred equity