The Australian aviation fire service study demonstrated that

a. leaders high on consideration show the most courage
b. leaders high on initiating structure show the most courage
c. there was no difference in the amount of courage shown by the two types of leaders
d. leaders can be trained to adopt behaviors related to showing consideration and initiating
structure


d. leaders can be trained to adopt behaviors related to showing consideration and initiating
structure

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Which of the following statements is incorrect with respect to parent-subsidiary corporations?

A. With a consolidated return, net losses of one company can offset net income from another company. B. A parent-subsidiary group must file a consolidated tax return. C. If a consolidated tax return is filed, losses on intercompany sales cannot be immediately recognized. D. A parent-subsidiary group is one where a common parent corporation owns, directly or indirectly, at least 80% of one or more other corporations.

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Which of the following is a traditional right of buyers?

A) the right to charge any price for a product, provided no discrimination exists among similar kinds of buyers B) the right to spend any amount to promote a product, provided it is not defined as unfair competition C) the right to use any product message, provided it is not misleading or dishonest in content or execution D) the right to use buying incentive programs, provided they are not unfair or misleading E) the right not to buy a product that is offered for sale

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Most courts apply the same principles to joint ventures as they apply to partnerships

Indicate whether the statement is true or false

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The Securities Act of 1933 has two basic objectives, one of which is to:

A) extend protection to investors trading in securities that are already issued and outstanding. B) grant the SEC power to impose administrative, civil penalties up to $500,000. C) regulate disclosure requirements on publicly held corporations. D) prohibit misrepresentation, deceit, and other fraudulent acts and practices in the sale of securities generally, whether or not they are required to be registered.

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