When a Retailer Advertises a "Special 24-Hour Sale on GE

question 253

True/False

When a retailer advertises a "special 24-hour sale on GE brand air conditioners," direct competitive advertising is being used.

---

Definitions:

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout, increasing the number of shares owned by each shareholder.

Authorized Shares

The maximum number of shares that a corporation is legally permitted to issue, as specified in its charter.

Common Stock

Equity shares issued by a corporation representing ownership rights, including voting privileges and a share in corporate profits.

Cash Dividend

A cash dividend is a payout of earnings by a corporation to its shareholders in the form of cash.