The median income test is a bankruptcy rule that states that if a debtor's median family income is at or below the state's median family income for a family the same size as the debtor's family, the debtor can receive Chapter 7 relief
Indicate whether the statement is true or false
TRUE
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Which of the following is true of improving cost efficiency of the marketing process?
A) If a business does not make products available at customers' preferred points of purchase, it lowers the cost of the transaction. B) For undifferentiated products, customers' transaction costs are high even when availability is unrestricted. C) The more undifferentiated a product is, the greater its perceived value. D) Customer value can be increased by lowering the cost of reaching customers. E) The general assumption is that the more intermediaries a channel system has, the lower the total cost of purchase.
Which of the following is referred to as the big new idea in business and marketing?
A) the emphasis on pushing products B) the focus of a business to maximize profits C) the responsibility of a business to create value D) the provision for customer-perceived benefits
Under the Model Business Corporation Act, a shareholder may ask a court to dissolve a corporation when:
A. a corporation uses assets for public welfare. B. directors are in conflict, their deadlock cannot be broken by shareholders, and the corporation faces ruin. C. creditors are acting unfairly or illegally. D. directors are maintaining registered agents without the approval of the shareholders.
Using financial leverage is a good financial strategy from the viewpoint of stockholders of companies having:
a. a high debt ratio. b. cyclical highs and lows. c. steady or rising profits. d. a steadily declining current ratio. e. none of the answers are correct.