Which of the following is not true regarding preferred stock?
A) Preferred stockholders have rights to the assets of the corporation before common stockholders.
B) Preferred stockholders have priority over common stockholders in receiving dividends.
C) Preferred stock has greater potential for capital appreciation than common stock.
D) The price of preferred stock is less volatile than the price of common stock.
Answer: C
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Which of the following most likely supports a decision to enter the Asian market through a project-based non-equity collaborative venture with an Asian appliance manufacturer to create an environmentally friendly dishwasher?
A) Asian firms have offered to pool their resources with ABC to create a new entity. B) Managers are uncertain of the long-term strategic importance of the Asian market. C) ABC managers have the financial resources to quickly build a new Asian plant. D) The Asian government has offered incentives to ABC if the firm builds a plant.
Referent power is derived from personal charisma or charm
Indicate whether the statement is true or false