Maxim Computer has a 10 percent of a $250 billion market. Maxim is the low-cost leader and realizes a 20% margin on sales, and marketing, sales, and administrative expenses equaling 10% of sales. What is Maxim's net marketing contribution?
A) $250 billion
B) $25 billion
C) $5 billion
D) $2.5 billion
E) $500 million
D
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A consortium is different from a joint venture in that a consortium
A. is a partnership between individuals rather than companies. B. usually operates in a country where none of the participants is currently active. C. restricts the right to hold an equity position to its majority partners. D. is formed mainly for executing short-term projects. E. does not involve the creation of a separate legal entity.
Corporate shareholders are entitled to
A. Vote on amendments to the articles of incorporation, candidates for the board of directors, and officers. B. File derivative suits to force the corporation to respect certain rights of the shareholders. C. Participate fully in the management of the corporation. D. Dissent from decisions on fundamental changes, demand dissenters' rights, and receive the value of their stock in cash.