An investor who owns preferred stock has
A) regular voting rights.
B) preferential treatment in the payment of dividends.
C) the same rights as a bond holder.
D) unlimited liability for the debts of the firm.
Answer: B
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In order for any given commodity to be considered money, it has to
A) be issued and controlled by some governmental institution. B) have some intrinsic value. C) be generally acceptable as a means of payment. D) be used in barter transactions. E) be convertible into gold or silver.
Among the advantages of the least-squares trend analysis techniques is
A) the ease of calculation. B) relatively little analytical skill required. C) its ability to provide information regarding the statistical significance of the results. D) All of the above
Suppose you are on a committee seeking to increase revenue from your city's bus system. If demand is _______, you would recommend raising the fare
a. perfectly elastic b. elastic c. unitary elastic d. inelastic
A firm's value added is
a. the revenue it receives by selling its output b. usually not included in GDP c. the revenue it receives for its output, minus the cost of all the intermediate goods it buys d. the revenue it receives for its output, plus the cost of all the intermediate goods it buys e. the revenue it receives for its output, minus the taxes that it pays