In dealing with business models, managers need to consider only quantitative data while making decisions in practice
Indicate whether the statement is true or false
FALSE
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Which of the following is a TRUE statement?
A) Stockholders are guaranteed annual dividends. B) Stockholders receive their proportionate share of any assets remaining after the corporation pays its debts and liquidates. C) Stockholders may authorize a business contract on behalf of the corporation. D) Stockholders may vote only if they physically attend the annual stockholders' meeting.
A corporation's board of directors may influence dividend policies, but the company's senior management has sole authority to declare dividends
Indicate whether the statement is true or false
With regard to unenforceable contracts, an extortion call in which a man agrees to pay money in return for his family's safety would be considered as a(n) ________
A) preexisting duty B) illusory promise C) illegal consideration D) past consideration
Which of the following Acts protects debtors who are subject to writ of garnishment from excessive action?
A) Fair Credit Billing Act B) Consumer Leasing Act C) Truth-in-Lending Act D) Title III of the Consumer Credit Protection Act