BUSN 380 Course Great Wisdom / tutorialrank.com BUSN 380 Course Great Wisdom / tutorialrank.com | Page 51

Question 13. 13. (TCO 5) All of the statements below are false except

corporations are required by law to report all activities to their
stockholders each month.

stockholders may vote only by proxy.

stockholders must approve the sale of all goods and services by the
company.

corporations are required by law to have two stockholder meetings
each year.

stockholders must approve major changes to corporate policies.

Question 14. 14. (TCO 5) Assume that you purchased a $1,000 Exxon
bond that pays 8.5% interest. What is the amount of interest you
would receive every 6 months?

$42.50

$8.50