A proxy card:
A. is also called a proxy statement.
B. is a form stockholders mark giving management the right to vote their shares as indicated.
C. is an inventory of information sent to stockholders before annual votes on directors.
D. contains rules of corporate governance to be adopted by corporations.
Answer: B. is a form stockholders mark giving management the right to vote their shares as indicated.
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An accrued expense is an expense which:
a. has been incurred but not paid b. has been paid but not incurred c. has been incurred and paid d. will be incurred and paid in the future e. is incidental to company's operation
Firms focusing on responsiveness tend to
A) locate facilities close to the market they serve. B) locate facilities very far from the market they serve. C) find the lowest cost location for their manufacturing facilities. D) select a high-cost location to be able to react slowly.