With respect to the voting rights of shareholders, a shareholder is entitled to vote:
A) only at annual shareholder meetings.
B) one vote for every two shares of stock owned.
C) only in person.
D) at annual and special shareholder meetings, ordinarily with one vote for each share owned.
D
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The flexible-budget variance is:
A) $4,000 favorable B) $28,000 unfavorable C) $32,800 unfavorable D) $4,800 favorable
Which of the following is the main reason many experts believe that relying on customers for new products, particularly true innovations, is doomed to failure?
A) Customers have limited ability to see into the future and conceptualize what could be. B) Customers would be biased and would want only inexpensive products. C) Customers don't have the time to think about new products. D) Customers might share the same new product ideas with competitors.