Because preferred stock is a form of ownership and has no maturity date, its claims on income and assets are secondary to those of the firm's creditors
Indicate whether the statement is true or false
TRUE
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What is the first step in implementing a new information technology?
A) Develop metrics to evaluate the success of the application B) Clearly define the goals and objectives of the application C) Compare results to your objectives D) Engage citizens and address short term issues
A product is defined as a business product rather than a consumer product on the basis of its _____
a. intended use b. physical characteristics c. price d. distribution method
“Knowledge of interpersonal relationships, including communication, conflict management, negotiation and team building” is which managerial skill?
a. Technical skill b. Interpersonal skill c. Conceptual skill d. Social skill
Which of the following statements is CORRECT?
A. Corporations face few regulations and more favorable tax treatment than do proprietorships and partnerships. B. Managers who face the threat of hostile takeovers are less likely to pursue policies that maximize shareholder value compared to managers who do not face the threat of hostile takeovers. C. Bond covenants are an effective way to resolve conflicts between shareholders and managers. D. Because of their simplified organization, it is easier for proprietors and partnerships to raise large amounts of outside capital than it is for corporations. E. One advantage to forming a corporation is that the owners of the firm have limited liability.