Which of the following securities can be converted into common stock?

A. Proxy stocks
B. Growth stocks
C. Preemptive stocks
D. Founders' shares
E. Preferred stocks


Answer: E

Business

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Functional benchmarking

A. is useful when researching industry-specific standards. B. endeavours to determine best practices regardless of industry. C. restricts the search for best practices to competitors. D. is not very useful for organizations with a divisional organizational structure.

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Which of the following is a valid tender offer rule?

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A union contract provision that requires employees to join the union after a certain amount of time on the job is known as a(n):

A. Closed shop clause. B. Union shop clause. C. Agency shop clause. D. Open shop clause.

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