Which of the following is incorrect with regard to treasury shares?
A) No dividends may be paid on treasury shares.
B) They are issued but not outstanding.
C) A corporation may sell treasury shares for any amount the board of directors determines, even if the shares have a par value that is more than the sale price.
D) The concept of treasury stock was created by the MBCA and is carried forward in the RMBCA.
D
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The marketing concept philosophy emphasizes the need to have a:
A) price advantage. B) unique product. C) sustainable strategy. D) customer focus.
Which statement about MANOVA is not true?
A) MANOVA examines group differences across multiple dependent variables simultaneously. B) In MANOVA, the null hypothesis is that the vectors of means on multiple dependent variables are equal across groups. C) MANOVA is most appropriate if there are multiple dependent variables that are uncorrelated or orthogonal. D) Multivariate analysis of variance is appropriate when there are two or more dependent variables that are correlated.
In trying to assure that managerial actions lead to shareholder value maximization, a risk can come about if the market value of a firm becomes less than its book value. The risk is
A. the firm will be delisted by the stock exchange. B. it becomes an attractive takeover target. C. the Securities and Exchange Commission will not allow it to declare dividends until the market value exceeds the book value. D. the firm will be unable to service its debt.
The U.S. Mine Safety Administration conducts searches of certain businesses. This agency and other administrative agencies can conduct warrantless searches in? A) all industries
B) highly regulated industries. C) no industries. D) newly regulated industries only.