Which of the following must be true for a corporation to elect statutory close corporation status?

A) The corporation must have 100 or more shareholders.
B) The corporation must have 50 or fewer shareholders.
C) The corporation must contain a board of directors.
D) The corporation must have a set of bylaws.


B

Business

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If a company erroneously records a $500 deposit as $400 in its books, which of the following must occur when reconciling the bank statement?

a. The company will have to increase the balance per the bank statement by $100. b. The company will have to increase the balance per the books by $100. c. The company will have to decrease the balance per bank statement by $100. d. None of the above

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The disadvantage of building up inventory during the off season to keep production stable year round is the expensive capacity that would go unused during most months when demand was lower

Indicate whether the statement is true or false.

Business

American policy tends to be more forgiving of a patent holder's restrictions than the European Commission

Indicate whether the statement is true or false

Business

Intuitive decision making complements rational decision making but not bounded rational decision making.

Answer the following statement true (T) or false (F)

Business