If innovation is the introduction of new goods and services, then quality is
A. the development of the one's products or service.
B. the excellence of one's products or service.
C. the response to consumers.
D. the marketing of new goods.
E. the description of the products or services.
Ans: B. the excellence of one's products or service.
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Which of the following securities is exempt from registration under the Securities Act of 1933?
A. A class of stock given in exchange for another class by the issuer to its existing shareholders without the issuer's payment of a commission. B. Limited partnership interests sold for the purpose of acquiring funds to invest in bonds issued by the United States. C. Corporate debentures that were previously subject to an effective registration statement, provided they are convertible into shares of common stock. D. Shares of nonvoting common stock, provided their par value is less than $1.00.
Which of the following is true of an express agency?
A) The agency involved is allowed to have multiple agents if desired. B) The agency is implied from the conduct of the parties. C) The agency comes to effect when the principal ratifies an unauthorized act. D) The agency arises when a principal creates the appearance of an agency that does not exist.