Preferred stock owners have no voting rights in a corporation
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Preferred stock does not come with any voting rights, and it can be called, or repurchased on demand, by the issuing company.
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Which of the following cultural perspectives leads to the highest long-term financial performance?
A. Adaptive perspective B. Fit perspective C. Market perspective D. Conditional perspective E. Strength perspective
Customer dissatisfaction resulting from service failure could lead to ______.
A. positive publicity B. gaining trust of customers C. negative publicity D. increased employee commitment
The ____ suffers from many limitations as a standard for evaluating capital resources. It doesn’t produce a measurement of profitability.
a. Controlling function b. Payback method c. Chart function d. Inventory turnovers
Fruit of the Plant, Inc, agrees to sell a certain quantity of a high-quality grain seed to Grange Co-op. Fruit of the Plant can obtain only half of the quantity ordered, so the seller also ships a lesser quality seed in twice the amount of the remainder of the order for the same price. Grange Co-op rejects the lesser quality seed. With time for performance not yet expired, Fruit of the Plant can
a. attempt to cure the defect. b. cancel the contract. c. recover the purchase price plus incidental damages. d. resell or dispose of the goods and hold Grange Co-op liable for any loss.