Bondholders have which of the following relationships with a corporation?
a. They are creditors; b. They are owners; c. They become members of the board of directors; d. They are silent partners; e. They are stockholders. ¬¬
A
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Bid-rigging is a type of which of the following?
a. skimming b. bribery c. extortion d. illegal gratuity
A firm has 1,000 shares of common stock outstanding with a par value of $15 per share. Upon liquidation, the firm has insufficient funds and requires an additional $5,000 to repay its creditors. Which of the following statements is true about the common shareholders' financial obligation?
A. If the share is purchased for $8, the stockholders are obligated to pay $2 per share to the creditors. B. If the share is purchased for $20, the stockholders are obligated to pay interest equal to $15 per share to the firm. C. If the share is purchased for $15, the stockholders are obligated to pay $15 per share to the bondholders. D. If the share is purchased for $18, the stockholders are obligated to pay a dividend of $3 per share to the firm. E. If the share is purchased for $10, the stockholders are obligated to contribute $5 per share to the firm.
In the United States a company that meets federal pollution control standards and does not discriminate in hiring, promotion, and pay is generally meeting its ________.
A. social screening requirements B. green management requirements C. social obligation D. social responsibility
______, perhaps the largest group of susceptible followers, are generally passive and motivated by fear.
A. Authoritarians B. Bystanders C. Lost souls D. Colluders