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.