Forty-one states have enacted corporate constituency stakeholder laws that _____ directors to weigh the interests of constituencies other than shareholders.
a. expect
b. permit
c. command
d. require
Correct answer is: b. permit
Forty - one states have enacted corporate constituency stakeholder laws that permit directors to weigh the interests of constituencies other than shareholders, but at the same time it do not require them to do so means the permission is granted but not mandatory to do so.
Forty-one states have enacted corporate constituency stakeholder laws that _____ directors to weigh the interests of...
In a corporate structure with shareholders, managers, and a board of directors: Select one: a. directors are agents b. shareholders are agents c. managers are principals d. shareholders are generally both principals and agents e. managers are agents
Which of the following is NOT true about state environmental protection? laws? A. Some states have enacted special environmental statutes to protect unique areas within their boundaries. B. Many state and local governments have enacted statutes and ordinances to protect the environment. C. Most states require that an environmental impact statement? (EIS) by prepared by the federal government. D. Most states require that an environmental impact statement? (EIS) or a report be prepared for any proposed state action. E. Under...
Boards of directors today are under pressure to become actively involved in planning and monitoring corporate activity. At WorldCom, Tyco, and other corporations, the boards were either unaware of the misdeeds taking place around them or, in some cases, actually were party to those activities. At Enron, for example, the board of directors several times voted to waive its policies regarding independence and arms-length transactions, allowing executives to continue their fraud unhampered. When the negligence of these boards was publicly...
19. In Michigan and other states, statutes have been enacted to prevent Tesla cars from being sold in the state unless sold through an established ________ dealership. A. Agency N. Negligent B. Intentional Harm O. Costs/Fault C. Fraud Misrepresentation P. Negligence/Risks D. Actionable Conduct Q. Risks/Assets E. Franchisors R. Intentional Tort F. Franchisees S. Crime G. Order T. Assault and Battery H. Verdict U. Common Law I. Summary Judgment V. Merchants J. Award W. Uniform Commercial Code K. Independent X. Tesla Motors L. Franchise Y. Negligence M. Local Franchisees Z. Automobile Dealerships
4. Corporate governance: Methods for influencing management's decisions Corporate govemance refers to policies and rules, regulations and laws, and activities that (1) influence both management's decisions and its company's operations, and (2) affect the relationships between a business's stakeholders. These stakeholders include the company's executives and managers, shareholders, creditors, current and former employees, competitors, and local and global communities. In simple terms, corporate govemance provisions can take two fom carrots and stickswith the fomer generally taking the form of to...
Entities may have a variety of corporate reporting objectives specific to their circumstances, such as: A. Assessing and predicting cash flows; B. Minimizing current income taxes; C. Complying with restrictive covenants (specifically, debt covenants that specify minimum levels of shareholders' equity); D. Evaluating management's performance. Required: For each of the accounting policies listed below, indicate which objectives of corporate reporting are best served. Each policy may serve more than one objective. Accounting Policies Objectives 1. Capitalize and amortize development costs....
4. Corporate governance: Methods for influencing management's decisions Corporate governance refers to policies and rules, regulations and laws, and activities that (1) influence both management’s decisions and its company’s operations, and (2) affect the relationships between a business’s stakeholders. These stakeholders include the company’s executives and managers, shareholders, creditors, current and former employees, competitors, and local and global communities. In simple terms, corporate governance provisions can take two forms: Carrots, Tomatoes, or celery and stones, rocks, or sticks, with the...
4 Which of the following is not a stakeholder of a corporation? a. Manager. b. Employee c. Government. d. Competitor SA credit loan that charges a monthly interest rate of 1% , which of the following statements is correct? a. The Annual Percentage Rate is 12%, the effective annual rate is 12%. b·The Annual Percentage Rate is 12.68%, the effective annual rate is 12.68%. C. The Annual Percentage Rate is 12%, the effective annual rate is 12.68%. d, The Annual...
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