A shareholder would have all of the following rights EXCEPT the right to:
a. inspect the corporate records in order to discover customer lists to share with a competitor.
b. see corporate financial statements in order to value his share for future sale.
c. bring suit against the corporation to require payment of his declared dividend.
d. bring suit on behalf of the corporation to recover improper dividends.
a
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If two jobs are similar but not the same, then an organization should pay a(n) ______ wage but not necessarily exactly the same wage.
A. lower B. extra C. dissimilar D. similar
On January 1, 2011, XYZ Corporation sold a piece of equipment for $30,000 which it had used for several years. The equipment had cost $45,000, and its accumulated depreciation amounted to $20,000 at the time of the sale. What are the net effects on the accounting equation of selling the equipment?
A) Assets and equity increase $30,000 B) Assets decrease and equity increases $5,000. C) Assets and equity increase $5,000. D) Assets and equity decrease $5,000.
In a particular process, the fixed costs are calculated at $40,000 and the variable costs at $1.50 per
unit. If 10,000 units are to be produced, what is the average cost per unit? A) $5.50 B) $2.00 C) $1.50 D) $4.00 E) none of the above
Important product or service characteristics in organizational buying include which of the following?
A. Personal relationships are preferred to online buying over the Internet. B. A fixed, nonnegotiable price is the norm. C. Many of the goods purchased are raw and semifinished. D. Direct selling to organizational buyers is rare. E. A heavy emphasis is placed on loyalty programs and rebates.