Which of the following statements is correct??
A. ?The corporate bylaws are the set of rules drawn up by the state to enable managers to run the firm in accordance with state laws.
B. ?Procedures for electing corporate directors are contained in bylaws.
C. ?Procedures that govern changes in the bylaws of the corporation are contained in the corporate charter.
D. ?Although most companies design a charter, only the bylaws are legally required to be filed with the secretary of state in order for a corporation to be in official existence.
E. ?The declaration of the activities that the firm will pursue and the number of directors are included in the corporate charter.
Answer: B
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Although the general rule for transfer prices is the outlay cost plus opportunity cost, many companies instead use negotiated prices to price their goods and services. When are negotiated transfer prices used? Are such prices consistent or inconsistent with responsibility accounting? Explain.
What will be an ideal response?
Information as a source of power is
A. an acknowledged accumulation of information, or mastery of a body of information, on a particular problem or issue. B. the accumulation of money, raw material, manpower, time, or equipment, which can be used to create incentives for other people to comply, or as threats and punishments if they do not comply. C. power derived from being located in a particular position in an organizational or communication structure. D. the accumulation and presentation of data intended to change the other person's point of view or position on an issue.
_______________ allow an individual employee to buy a certain amount of stock in the company at a specified future point.
A. Stock purchasing plans B. Stock options plans C. Employee stock ownership plans D. Employer stock sales plans E. Company-funded retirement funds
___________ is an important global study of leadership using data from 17,300 middle managers from 951 organizations in the food processing, financial services, and telecommunications services industries.
Fill in the blank(s) with the appropriate word(s).