What is a derivative lawsuit?
A) An action brought by a shareholder or shareholders on behalf of the corporation when the
board of directors does not file the suit
B) An action brought by the officers against the directors
C) An action brought by the board of directors on behalf of the corporation
D) An action brought by a majority of the board of directors against an individual board
member
E) An action brought by shareholders against the corporation
A
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The other laundromat, E-Z Clean, offers free pick-up and delivery during a narrow time frame, which is most likely an example of:
A) a product based on a company's resources, not customers' needs B) a product based on industry information, not company resources C) a product developed after trial and error D) a customer-facing sales staff E) a customer loyalty program
External logistics systems refer to ______.
A. the collection, transportation, and distribution of goods between suppliers and the plant B. the flow of raw materials between steps in the manufacturing process C. the dispatch of goods from plant to quality control center D. the collection, transportation, and distribution of goods between different work stations inside one manufacturing facility
A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the current period? Unadjusted Trial Balance Adjustments Debit Credit Debit Credit??Cash975 ??Accounts receivable 300 Prepaid insurance3,600 150Supplies180 70Equipment10,320 Accumulated depreciation?equipment 190Accounts payable 1,140 Salaries payable 315Unearned fees 4,500 375 Retained earnings 9,180 Dividends1,650 Fees earned 5,850 375 300Rent expense1,500 Salaries expense2,100 315 Utilities expense345 Insurance expense 150 Supplies expense 70 Depreciation
expense?equipment 190 Totals20,670 20,670 1,400 1,400 A. $4,670. B. $1,400. C. $1,855. D. $1,905. E. $2,060.
The major attraction of a line of credit from the bank's point of view is that it eliminates the need to examine the creditworthiness of a customer each time it borrows money within the year
Indicate whether the statement is true or false