Identify a Primary Reason for a Product Audit

question 94

Multiple Choice

Identify a primary reason for a product audit.

• A) To develop a marketing plan for products.
• B) To detect sick products and then bury them.
• C) To try to make profit wherever possible.
• D) To implement cost cutting strategies.

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Definitions:

Large Stock Dividends

Distribution of a greater than typical percentage of shares to shareholders, typically impacting the stock's value and distribution.

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily match its market value.

Stated Value

An arbitrary value assigned to no-par value stock by the board of directors of a company, used for accounting purposes.

Date Of Record

The date of record is the specific date set by a company on which the shareholders must be on the company's books in order to receive a declared dividend.