Which of the following statements is correct?
a. A warrant is basically a long-term option that enables the holder to sell common stock back to the firm at an agreed upon price, at a specified time in the future.
b. Generally, warrants are distributed along with preferred stock in order to make the preferred stock less risky.
c. If a company issuing coupon paying debt wanted to reduce the cash outflows associated with the coupon payments, it could issue warrants with the debt to accomplish this.
d. One of the disadvantages of warrants to the issuing firm is that they can be detachable and can be traded separately from the debt with which they are issued.
e. Warrants are attractive to investors because when they are issued with stock, investors receive dividends on the warrants they own as well as on the underlying stock.
c
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A clothing company in Singapore which specialized in women's clothing, had to modify its clothes before introducing them to Iranian markets, to suit the needs of women in that country. Women in Iran are expected to cover themselves completely. The company mostly used opaque material and provided accessories like scarves. Which of the following factors is dictating product adaptation in the above scenario?
A. Legal requirements. B. Cultural requirements. C. Technological requirements. D. Economic requirements. E. Climatic requirements.
Murray, Inc. emphasizes a desire for detail-oriented, motivated employees with strong social skills as indicated in the firm's job ________
A) specifications B) analysis C) reports D) descriptions