An Example of a Credible Promise Is a Used Car

question 137

Multiple Choice

An example of a credible promise is a used car that:

• A) is sold with a CARFAX report.
• B) is sold to a family member.
• C) is certified and carries a warranty.
• D) has been inspected by a mechanic.

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Definitions:

Common Shareholders

Shareholders who claim the residual profits and assets of a corporation, and usually have the exclusive power and right to elect the directors of the corporation.

Dividend

A portion of a company's earnings distributed to its shareholders, usually in the form of cash or stock.

Board of Directors

A board of directors is a group of individuals elected to represent shareholders and oversee major decisions of an organization, guiding its strategic direction and ensuring corporate governance.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and interests in the corporation's operations and profits.