The upper-level managers of Brooms International, a 120-year-old broom and mop manufacturing company, realize that their production facility is outdated. Therefore, they know their competitors, with newer production plants, have gained a competitive advantage over their organization. This is an example of an external weakness.

Bilateral contracts are accepted only upon the offeree's performance of the required act

Indicate whether the statement is true or false

A corporation has been paying out $1 million per year in dividends for the past several years. This

year, the company wants to pay the $1 million dividend, but can't. All of the following are reasons the company cannot continue its dividend payment policy EXCEPT A) the company's retained earnings balance at the end of the year is less than $1 million. B) the company's cash balance is less than $1 million. C) the company's net income this year is less than $1 million. D) the company's liabilities exceed its assets.