Which of the following is true of securities?

A) They have no value in and of themselves.
B) Since they are paper, they can be produced in limited numbers only.
C) They are easily regulated in terms of hazards or merchantability.
D) Since they are paper, they cannot be easily manipulated by their issuers.


A

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?In computing descriptive statistics for grouped data, the data values in each class are approximated using the

A. ?class lower limits. B. ?class upper limits. C. ?class midpoint. D. ?class range.

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Which of the following consumer promotion tools refers to explicit or implicit promises by sellers that the product will perform as specified or that the seller will fix it or refund the customer's money during a specified period?

A) product warranties B) coupons C) free trials D) rebates E) patronage awards

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Identify the incorrect statement about the buyer's expectations from a knowledgeable salesperson.

A. Buyers want salespeople to have knowledge about product and service, only. B. Buyers want salespeople to aid them in meeting their personal goals C. Buyers want salespeople to aid them in meeting their professional goals. D. Buyers want salespeople to be able to furnish important information on the environment and help interpret the information. E. Buyers want salespeople to aid them in meeting their organizational goals.

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Which of the following statements is TRUE?

A) The parties in a civil action may agree to waive the rules of evidence at trial. B) The plaintiff in a civil action must prove its case beyond a reasonable doubt. C) "Findings of fact" is another term for the evidence given at trial. D) At the end of a trial the judge's decision is called a judgment E) Only the defendant has to produce documents in the discovery process

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