To Cut Costs in the Face of Declining Demand and Increased

question 65

True/False

To cut costs in the face of declining demand and increased competition, many fast food restaurants have focused on reducing labor costs.

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Definitions:

Par Value

Par value refers to the nominal or face value of a bond, stock, or coupon as stated by the issuer, and may have legal implications for capital stock.

Common Stock

A type of equity security that represents ownership in a corporation and entitles its holders to vote on corporate matters and receive dividends.

Journal Entries

The records of financial transactions in the accounting system that document the effects on accounts in a double-entry bookkeeping system.

Dividend Yield

A metric showing the annual dividends a company distributes in comparison to its stock price.