Use the Following Two Statements to Answer This Question

question 8

Multiple Choice

Use the following two statements to answer this question:
I.Dividends are a legal obligation of the firm.
II.Interest payments are a legal obligation of the firm only after the board of directors declares them.

• A)I and II are correct.
• B)I and II are incorrect.
• C)I is correct, II is incorrect.
• D)I is incorrect, II is correct.

Assess the risks and benefits of global franchising.

Understand the differences between the B2B and B2C buying processes.

Identify the roles within a buying center and the decision-making process.

Recognize the importance of organizational culture and its geographical variations in business practices.

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Definitions:

Automobile Industry

The automobile industry encompasses a wide range of companies and organizations involved in the design, manufacturing, and marketing of motor vehicles, including cars, trucks, and motorcycles.

Cigarette Industry

Refers to the global sector involved in the manufacturing, marketing, and sale of cigarettes and related products.

Concentration Ratio

A measure used in economics to assess the degree of market concentration, reflecting the market share of the largest firms.

Oligopolization

describes the process whereby a market becomes dominated by a few large companies, reducing competition.