Which of the following is not an example of the cost of quality?

It is generally easier for a seller to terminate a land contract and recover possession of the property. Why?

a. Because many buyers within a land contract default b. Because the courts are in favor of the forfeiture clauses and generally rule in the seller's favor c. Because buyers within land contracts often do not have the finances to fight the seller in court d. Because courts generally do not view land contracts as functionally equivalent to mortgages so they are usually not subject to mortgage laws.

Which of the following statements is true of a corporation?

A) Shareholders can be required to pay debts of the corporation. B) Shares of stock cannot be readily purchased and sold by investors on an organized stock exchange. C) Shareholders are authorized to sign contracts or make business commitments on behalf of the corporation. D) Corporations pay income tax on corporate earnings, and shareholders pay income tax on corporate dividends.