Which of the following statements is INCORRECT regarding the rights of shareholders? I. voting power on major issues and ownership in a portion of the company II. right to transfer ownership and dividend entitlement III. hire and fire management and select and appoint a chief executive
a. I and II
b. I, II, and III
c. I only
d. III only
D
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Which of the following statements regarding customer satisfaction is true?
A) Very satisfied customers usually switch back and forth with competitors' products. B) Over 90 percent of dissatisfied customers lodge complaints. C) Very satisfied customers often buy higher margin products and extra services. D) Dissatisfied customers who complain cannot usually be retained. E) Satisfied customers are very loyal and buy in relatively large amounts.
Which of the following implies that information is current with respect to the business requirement?
A. Uniqueness B. Accuracy C. Consistency D. Timeliness
The four basic factors that affect the price paid (interest rate) for money are
A) the demand for money saved, the supply for borrowed funds, Federal Reserve policy, and risk. B) the supply of money saved, the demand for borrowed funds, Federal Reserve policy, and risk. C) the supply of money saved, the supply for borrowed funds, Federal Reserve policy, and risk. D) the demand for money saved, the demand for borrowed funds, Federal Reserve policy, and risk.
Investors and creditors rely upon the independent evaluation by accountants of the financial statements issued by management
Indicate whether the statement is true or false