The Williams Act
a. is designed to regulate the conduct of those attempting to take over a company.
b. is designed to regulate the conduct of the target company subject to a takeover.
c. was established to prohibit corporate defensive tactics.
d. was established to resolve conflicts of interests between directors and stakeholders.
a
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"Attachment" occurs when a secured party has given value, the debtor acquires rights in the collateral, and the:
A) debtor has paid one installment of his obligation. B) collateral is delivered to the borrower. C) debtor and secured party have an agreement. D) debtor has completed his obligation to pay.
Communication among peers is called
a. upward communication b. horizontal communication c. lateral communication d. both b and c
GASB's Analyst's Guide to Government Financial Statements identifies four categories of financial ratios. What are these categories?
A. Solvency, ability to pay, financial position and financial leverage. B. Financial position, liquidity, solvency, and ability to pay. C. Long-term liquidity, short-term liquidity, financial position and solvency. D. Financial leverage, Liquidity, solvency, and ability to pay.
Calculate the equivalent units of materials.
Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. Units started and completed: 250,000. Units completed and transferred out: 330,000. Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79,700. Costs incurred in October - Direct Materials: $646,800. Costs incurred in October - Conversion: $919,300. A) 250,000 B) 317,000 C) 294,000 D) 333,000 E) 342,000