The Willsborough Growth Trust, an institutional investor, issues a fixed number of shares among investors. However, this is not how the trust makes its profit. For maximum returns, it uses the money received from selling its shares to investors and puts it in a portfolio of assets. This scenario is reflective of:
A. a closed-end fund.
B. limited mobility.
C. limited liability.
D. a closed corporation.
Answer: A
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Which of the following statements regarding customer satisfaction is true?
A) Very satisfied customers usually switch back and forth with competitors' products. B) Over 90 percent of dissatisfied customers lodge complaints. C) Very satisfied customers often buy higher margin products and extra services. D) Dissatisfied customers who complain cannot usually be retained. E) Satisfied customers are very loyal and buy in relatively large amounts.
John and Daren are new employees at Pixystems Inc. Their firm is implementing a new self-service portal. The portal slows down the production process, but it gives accurate results. The portal is aimed at improving the relationship between employees and supervisors rather than enhancing their competence in their tasks. John is confident about his ability and the new portal used in the company. Daren is anxious and feels that he lacks the ability to understand the new portal. Which of the following statements is true about the scenario?
A. Daren has a low level of emotional intelligence. B. The portal is efficient but not effective. C. John has high self-efficacy. D. The portal does not address the relatedness needs of the employees at the firm.
Which of the following describes the return on assets ratio?
a. Average total assets divided by net income b. Net income plus income tax expense divided by average total assets c. Average total assets divided by net sales d. Net income divided by average total assets
Common stockholders are sometimes referred to as ________
A) non preemptive right holders B) managers C) creditors D) residual owners