RICO creates both criminal and civil law liabilities
Indicate whether the statement is true or false
true
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A court may pierce the corporate veil if the corporation is undercapitalized.
Answer the following statement true (T) or false (F)
The values, norms, and expectations of behavior that control how workers interact with one another within an organization represent the organization's
A. output controls. B. feedback controls. C. SOPs. D. culture. E. objectives.
Use the following information to answer the question below. When Langston Corporation was formed on January 1, 20x5, the corporate charter provided for 100,000 shares of $10 par value common stock. The following transactions were among those engaged in by the corporation during its first month of operation: 1. The corporation issued 400 shares of stock to its lawyer in full payment of the $10,000
bill for assisting the company in drawing up its articles of incorporation and filing the proper papers with the state agency. 2. The company issued 16,000 shares of stock at a price of $50 per share. 3. The company issued 14,000 shares of stock in exchange for equipment that had a fair market value of $320,000. The entry to record transaction 2 is A) Cash 800,000 Common Stock 800,000 B) Cash 800,000 Common Stock 160,000Additional Paid-in Capital 640,000 C) Cash 160,000 Additional Paid-in Capital 640,000Common Stock 800,000 D) Cash 160,000 Common Stock 160,000
Which one of the following statements is TRUE?
A. Management is said to be entrenched when senior managers are unlikely to be fired. B. A company's matching contribution to a retirement plan is a nonpecuniary benefit. C. Company sponsorship of a local charity is an example of a nonpecuniary benefit. D. A manager/shareholder agency conflict arises when shareholders sell their stock even though management says the stock is undervalued. E. A manager/shareholder agency conflict arises when the board of directors pays a larger dividend than the firm's earnings could support.