Which of the statements below is false?

a. shareholders elect the board of directors, which ultimately selects the management team that runs the dayminus−tominus−day operations of the company.

b. common stock's ownership claim on the assets and cash flow of a company is often referred to as a residual claim.

c. the profits for common stock owners come before payment toemployees, suppliers, government, and creditors.

d. stock is a major financing source for public companies.

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

According to this excerpt, a key part of our national security strategy is

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.