Convertible bonds
a. have priority over other indebtedness.
b. are usually secured by a first or second mortgage.
c. pay interest only in the event earnings are sufficient to cover the interest.
d. may be exchanged for equity securities.
Answer: d. may be exchanged for equity securities.
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Which of the following is a feature of a new-product strategy?
a. It traces all stages of a product's acceptance, from its introduction to its decline. b. It provides general guidelines for generating, screening, and evaluating new-product ideas. c. It increases the time spent by a product in the introduction stage of its life cycle. d. It gives greater importance to highly structured development process rather than simultaneous development.
Destructive feedback offers criticism but does not stimulate improvement
Indicate whether the statement is true or false