Treasury stock can be defined as
a. unissued stock, that is shares that have never been sold by the corporation.
b. designated stock, that is shares used for the specific purpose of converting preferred stock to common stock.
c. investment stock, that is shares acquired from a subsidiary company.
d. reacquired stock, that is outstanding shares purchased on the open market by the issuing corporation.
e. reacquired stock, that is outstanding shares purchased on the open market by the Treasury.
D
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If one country is hit with a shock that increases the value of its currency and causes its net exports to decline and the net exports and income of other countries to rise, then the business cycle is being transmitted internationally through ____ effect.
A. a trade B. an interest-rate C. an exchange-rate D. an expected-inflation
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Another name for contract manufacturing is "foreign direct investment without investment."
Answer the following statement true (T) or false (F)
One of the directors of Independent Pallet Mill purchases 100 acres of timberland. In order for him to sell the timber from this land to Independent, what must he do? If he does not act properly in this situation, what duty would he violate, and what would be the result?