Which one of the following fringe benefits allows for discrimination between highly compensated employees and other employees to be present?
A. qualified employee discounts
B. recreation and athletic facilities
C. no-additional cost
D. working condition
Answer: D
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If there is only one class of stock outstanding, such stock would be classified as
a. treasury stock. b. common stock. c. preferred stock. d. outstanding stock.
Delayed projects that are shelved for a period of time and then re-initiated again after a while describes
A) premature projects. B) looping projects. C) endless projects. D) failed projects.
When two or more countries agree to eliminate customs duties and other trade barriers among themselves, they form:
a. a free trade area. b. a customs union. c. a common market. d. an economic community.
A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 14.2%, then what is the stock price?
A. $12.70 B. $11.98 C. $14.61 D. $10.66 E. $12.10