A means of settling disputes, under which parties submit the matter to a neutral third party of their choosing to resolve the dispute by issuing a binding decision is called:
a. mediation b. negotiation c. mini-trial
d. arbitration
e. summary jury trial
d
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Which internal control procedure is followed when a physical count of inventory is performed in a perpetual inventory system?
a. Segregation of duties b. Safeguarding assets and records c. Independent verifications d. Proper authorizations
Stockholders prefer to invest in preferred stock because
a. preferred stock confers preferred voting rights. b. preferred stock can always be converted to common stock if they desire. c. the dividends are generally increased each year. d. the dividends are paid on preferred stock before they are paid on common stock.
Firms with high levels of operating leverage experience which of the following in comparison to firms with low levels of operating leverage
a. Higher levels of risk in operations. b. Lower expected rates of return. c. Lower variability in returns on assets. d. Higher sales.
The declaration and payment of a dividend will
a. decrease net income. b. increase liabilities. c. not affect total assets. d. decrease stockholders' equity.