What type of transaction employs special committees made up of disinterested board members who review the transaction to determine if it is entirely fair to the corporation?
a. Hostile takeover
b. Self-dealing
c. Rational business purpose
d. Corporate opportunity
b
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List and discuss three reasons for public speaking anxiety.
What will be an ideal response?
When a client has significant and nonrecurring charges to nonoperating expenses, which of the following would be the most appropriate materiality benchmark?
a. Net profit. b. Income from continuing operations. c. Cash inflows. d. Cash outflows.
Process innovation ______.
A. is the development and introduction of a brand-new product or service through changes in product design B. is the development and introduction of a brand-new product or service through changes in materials and components used in the product C. refers to the way materials are ordered and delivered to a company D. refers to the changes in the way in which product is produced or a service is delivered within the firm or across a supply chain.
Who is an executor of a probate?
A) a person appointed by the government to conduct the probate B) a person designated in the will to conduct the probate C) a person who is beneficiary of the probate D) an person who is usually appointed to help administer the estate and to complete the probate