Which of the Following Statements Is Incorrect

question 10

Multiple Choice

Which of the following statements is incorrect?

• A) A mutual-to-stock conversion allows savings institutions to obtain additional capital by issuing stock.
• B) Because of their ownership structure, mutual savings institutions are more susceptible to unfriendly takeovers.
• C) When a mutual savings institution is involved in an acquisition, it first converts to a stock-owned savings institution.
• D) Consolidation and acquisitions have caused the number of mutual and stock savings institutions to decline consistently over the years.

Identify the effects of presentation style, such as the use of glib conclusions and active vs. passive voice, on the credibility and engagement of business reports.

Appreciate the necessity of objectivity and the avoidance of emotionally charged language in business report writing.

Value the benefits of collaboration in the critical thinking and problem-solving process of business report writing.

Understand the structuring of business reports using talking headings and conventional numbering systems for clarity and organization.

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Definitions:

Blank Indorsement

A signature by the holder on the back of a negotiable instrument, such as a check, without specifying a particular endorsee, thereby making the instrument payable to the bearer.

Qualified Indorsement

An indorsement on a negotiable instrument in which the indorser disclaims any contract liability on the instrument; the notation “without recourse” is commonly used to create a qualified indorsement.

Restrictive

Imposing limitations or conditions on use, action, or movement.

Bearer Instrument

A negotiable financial instrument that is payable to the holder or presenter.