Under the corporate form of business organization:
A) ownership rights are easily transferred.
B) a stockholder is personally liable for the debts of the corporation.
C) stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation.
D) stockholders wishing to sell their corporation shares must get the approval of other stockholders.
A
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Regarding the Statement of Cash Flow, which of the following is not true regarding operations?
a. A financially healthy company generates sustained cash inflows from selling goods and providing services b. Assessed over several years, the cash flow from operations indicates the extent to which operating activities generate more cash than they use c. A firm can use the excess cash flow from operations to acquire buildings and equipment, pay dividends, retire long-term debt d. A firm cannot use the excess cash flow from operations for investing and financing activities e. All of the above are not true.
The maturity value of a $2,000 promissory note, 5% interest due in 90 days, is ________
a. $2,025 b. $2,030 c. $1,975 d. $2,100
The dog chewed ________ leash apart
A) its B) his or her C) it's D) their E) its'
Which retail personnel selection technique is most likely to be used for senior management positions and least likely to be used for lower-level positions (such as cashiers and salespeople)?
a. application blank b. psychological testing c. interview d. reference checks