Before filing a derivative lawsuit, shareholders must
a. notify the board that the corporation has been wronged and ask the board to bring suit in the name of the corporation directly.
b. notify the Secretary of State that the corporation has been wronged and ask the Attorney General to file the lawsuit on behalf of the corporation.
c. hold a special meeting, and a majority of the shareholders must vote to file the lawsuit.
d. place the lawsuit on the company's proxy statement, and the proposal must receive a majority vote.
a
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A common approach to waste reduction is?
a. Five-S b. Five-P c. Five-T d. Five-Q
The fundamental reason why a company acquires other brands is the need to grow.
a. True b. False
One of the most important state laws affecting business is:
a. the Uniform Probate Code b. the Uniform Commercial Code c. the Federal Rules of Civil Procedure d. the Uniform Partnership Act e. the Compensation for Tort Victims Act
Unlike a corporation:
a. a partnership pays high income taxes on its income b. a partnership pays no income taxes on its income c. a partnership cannot lose money in a bankruptcy suit d. a partnership cannot have more than two partners e. a partnership has no duty to creditors before investors