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5. The most dominant form of business organization is the a legal entity formed by selling...
5. The most dominant form of business organization is the a legal entity formed by selling...
5. The most dominant form of business organization is the a legal entity formed by selling shares of stock to investors who then become shareholders and the of the company. 6. ( True False) A corporation and its shareholders can be sued and can be held liable for the corporations debts. 7. (True False) A joint venture is a relationship created between two or more persons or corporations for a specific undertaking. 8. A business trust is a business organization...
Business Law II - Chapter 35 Forms of Business Organization Name Date Fill in cach blank...
Business Law II - Chapter 35 Forms of Business Organization Name Date Fill in cach blank with the exact legal term. 1. A business organization in which the owner has total control and unlimited personal liability is known as a 2. (True False) Opening a sole proprietorship requires many legal formalities. 3. In this type of partnership, the partners divide the profits (usually equally) and the management responsibilities and share unlimited personal liability for debts. 4. A partnership in which...
Business Law II - Chapter 35 Forms of Business Organization Name Date Fill in each blank...
Business Law II - Chapter 35 Forms of Business Organization Name Date Fill in each blank with the exact legal term. 1. A business organization in which the owner has total control and unlimited personal liability is known as a 2. (True False) Opening a sole proprietorship requires many legal formalities. 3. In this type of partnership, the partners divide the profits (usually equally) and the management responsibilities and share unlimited personal liability for debts. 4. A partnership in which...
Question 5 1 pts In a corporate (form) business entity the "agency problem" is described as...
Question 5 1 pts In a corporate (form) business entity the "agency problem" is described as the potential for conflict between two parties the principals (outside shareholders) and the company's customers O True False Question 6 2 pts . Which of the following are possible mechanisms applicable to large corporations that motivate managers to act in the best interests of the shareholders? O a. Managerial compensation (incentives) O b. Shareholder intervention c. Threat of a takeover by an outside entity...
Business law Chapter 38 - Corporations: Formation and Financing Fill in each blank with the exact...
Business law Chapter 38 - Corporations: Formation and Financing Fill in each blank with the exact legal term. 1. Corporations are separate or legal persons, existing separately from their shareholders. 2. Corporations have certain rights under the and Amendments, which state that government cannot deprive any "person" of life, liberty, or property without due process. 3. Corporations can distribute income to shareholders in the form of although they do not receive tax deductions for doing so. 4. (True/False) Since a...
Extra Exercise: MCQ4 What is the role of ASIC in investigating and prosecuting offences by a...
Extra Exercise: MCQ4 What is the role of ASIC in investigating and prosecuting offences by a company? Indicate the appropriate response. a. ASIC is permitted to make recommendations as to criminal prosecutions, but only the police or an appropriate statutory authority is permitted to make a criminal investigation of the company b. ASIC is responsible for administering the corporations legislation, which includes investigating offences as they relate to officers within a company. Serious breaches will be prosecuted by the Director...
Veronica is interested in forming a partnership and is conducting research into partnership agreements. Based on...
Veronica is interested in forming a partnership and is conducting research into partnership agreements. Based on her reading of her Business Law textbook, one of the following statements is incorrect. Choose the statement that is INCORRECT. Select one: a. The rights of outsiders dealing with the partnership, are, without notice, unaffected by any agreement between the partners. O b. A partnership can be found to exist by the courts even where parties clearly state in a contract that they are...
1. The limited liability company may elect to be manager-managed rather than member-managed, which means that...
1. The limited liability company may elect to be manager-managed rather than member-managed, which means that only authorized members may legally bind the corporation. a. True b. False 2. A corporation is a separate entity for accounting purposes but not for legal purposes. a. True b. False — 3. When compared to a corporation, one of the major disadvantages of the partnership is its limited life. a. True b. False _ 4. Each partner may withdraw the assets he or...
Please read the article and answer about questions. You and the Law Business and law are...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...
TRUE OR FALSE/ MULTIPLE CHOICE and word response questions. C. a more permanent government involvement in the ba...
TRUE OR FALSE/ MULTIPLE CHOICE and word response
questions.
C. a more permanent government involvement in the banking system, even creating a pational banking system that owns and operates most of the global and regional banks. Deshort-term increases in government spending to stimulate the economy. 20. When describing the state of the U.S. economy, reporters often refer to the nation's GDP, its unemployment rate, and the CPI. Explain what each of these terms means and why each measure is significant....
5. The most dominant form of business organization is the a legal entity formed by selling shares of stock to investors who then become shareholders and the of the company. 6. ( True False) A corporation and its shareholders can be sued and can be held liable for the corporations debts. 7. (True False) A joint venture is a relationship created between two or more persons or corporations for a specific undertaking. 8. A business trust is a business organization...
Business Law II - Chapter 35 Forms of Business Organization Name Date Fill in cach blank with the exact legal term. 1. A business organization in which the owner has total control and unlimited personal liability is known as a 2. (True False) Opening a sole proprietorship requires many legal formalities. 3. In this type of partnership, the partners divide the profits (usually equally) and the management responsibilities and share unlimited personal liability for debts. 4. A partnership in which...
Business Law II - Chapter 35 Forms of Business Organization Name Date Fill in each blank with the exact legal term. 1. A business organization in which the owner has total control and unlimited personal liability is known as a 2. (True False) Opening a sole proprietorship requires many legal formalities. 3. In this type of partnership, the partners divide the profits (usually equally) and the management responsibilities and share unlimited personal liability for debts. 4. A partnership in which...
Question 5 1 pts In a corporate (form) business entity the "agency problem" is described as the potential for conflict between two parties the principals (outside shareholders) and the company's customers O True False Question 6 2 pts . Which of the following are possible mechanisms applicable to large corporations that motivate managers to act in the best interests of the shareholders? O a. Managerial compensation (incentives) O b. Shareholder intervention c. Threat of a takeover by an outside entity...
Business law Chapter 38 - Corporations: Formation and Financing Fill in each blank with the exact legal term. 1. Corporations are separate or legal persons, existing separately from their shareholders. 2. Corporations have certain rights under the and Amendments, which state that government cannot deprive any "person" of life, liberty, or property without due process. 3. Corporations can distribute income to shareholders in the form of although they do not receive tax deductions for doing so. 4. (True/False) Since a...
Extra Exercise: MCQ4 What is the role of ASIC in investigating and prosecuting offences by a company? Indicate the appropriate response. a. ASIC is permitted to make recommendations as to criminal prosecutions, but only the police or an appropriate statutory authority is permitted to make a criminal investigation of the company b. ASIC is responsible for administering the corporations legislation, which includes investigating offences as they relate to officers within a company. Serious breaches will be prosecuted by the Director...
Veronica is interested in forming a partnership and is conducting research into partnership agreements. Based on her reading of her Business Law textbook, one of the following statements is incorrect. Choose the statement that is INCORRECT. Select one: a. The rights of outsiders dealing with the partnership, are, without notice, unaffected by any agreement between the partners. O b. A partnership can be found to exist by the courts even where parties clearly state in a contract that they are...
1. The limited liability company may elect to be manager-managed rather than member-managed, which means that only authorized members may legally bind the corporation. a. True b. False 2. A corporation is a separate entity for accounting purposes but not for legal purposes. a. True b. False — 3. When compared to a corporation, one of the major disadvantages of the partnership is its limited life. a. True b. False _ 4. Each partner may withdraw the assets he or...
TRUE OR FALSE/ MULTIPLE CHOICE and word response
questions.
C. a more permanent government involvement in the banking system, even creating a pational banking system that owns and operates most of the global and regional banks. Deshort-term increases in government spending to stimulate the economy. 20. When describing the state of the U.S. economy, reporters often refer to the nation's GDP, its unemployment rate, and the CPI. Explain what each of these terms means and why each measure is significant....
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