Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called:
A. Noncumulative preferred stock.
B. Participating preferred stock.
C. Convertible preferred stock.
D. Cumulative preferred stock.
E. Callable preferred stock.
Answer: D
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Which of the following is a false assumption made by many salespeople?
A. Price is the only factor in a buying decision. B. Unimportant benefits should be deemphasized. C. Benefits are very important to buyers. D. Psychological factors influence buying decisions. E. Wants and needs motivate buying decisions.
Can the holder of a life estate mortgage his life estate?
A) Yes, so long as the mortgage term is limited to the length of the life estate B) No, because a life estate is not real property C) Yes, with the only restrictions being those applicable to a mortgage of a fee simple interest D) Yes, but only if the holder of the remainder interest or reversion also simultaneously mortgages that interest E) No, because of the uncertainty over how long the interest will last
Erte applies for, and obtains, casualty insurance coverage from Friendly Insurance Company for his business, Golf Club, Inc. The effective date of the policy is the date
A. Erte submits the application. B. Friendly Insurance accepts the first premium. C. Friendly Insurance issues the policy. D. the application specifies as the effective date.
The Home Depot's introduction of new fuel centers at some of its stores allows the Home Depot to better serve its current customers, such as contractors with large trucks who no longer need to go somewhere else to refuel. This is an example of product development.
Answer the following statement true (T) or false (F)