Question: The basic elements of a policy include: a. Objectives, mission statement, and goals. b. Scope, delegation of authority, and procedures. c. Basic guidelines, performance measurement,

The basic elements of a policy include:

a.

Objectives, mission statement, and goals.

b.

Scope, delegation of authority, and procedures.

c.

Basic guidelines, performance measurement, and reporting.

d.

Roles, responsibilities, and retention guidelines

A small, rapidly growing high-tech company plans to issue bonds. Management wants to bring in additional funds while keeping the low coupon bond issue outstanding. The company will issue:

a.

Warrants.

b.

Depository receipts.

c.

Preferred stock.

d.

Class B stock.

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