Generally, a shareholder may not sue his corporation for which of the following?
A) To compel the declaration of dividends
B) To inspect the corporate books and records
C) To cancel an ultra vires contract
D) To enforce preemptive rights
E) To recover an illegal dividend
A
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Like any effective salesperson, Frazer walks into a customer's office, shakes hands, looks the customer in the eye, and smiles. After exchanging pleasantries, Frazer will immediately try to create interest in his company's product and establish
A. where the customer is in the buying process. B. which of the alternative products to demonstrate. C. which type of follow-up will be needed. D. how much time has been allocated for the presentation. E. whether to quote a full price or discount price.
The costs of activities that detect, measure, evaluate, and inspect products and processes to ensure that they meet customer needs are called ________ costs
a. internal failure b. prevention c. external failure d. appraisal
Which of the following statements concerning operating leverage is false?
a. Normally, a company which is highly labor intensive will have low fixed costs and therefore a low operating leverage. b. Normally, companies which have a high operating leverage will also have a high contribution margin ratio. c. Operating leverage measures the relationship between a company's variable and fixed cost. d. If a company has a low operating leverage, a small amount of sales will cause a large increase in profits.
Posting is the process of determining the balance in an account by subtracting debits and credits.
Answer the following statement true (T) or false (F)