The Model Business Corporation Act states: "All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed by or under the direction of its
a. shareholders.".
b. officers.".
c. board of directors.".
d. executive committee.".
c
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__________is the process by which meanings are exchanged or shared through a common set of symbols. ANSWER: Communication
Fill in the blanks with correct word.
Which of the following is true of securities?
A) They have no value in and of themselves. B) Since they are paper, they can be produced in limited numbers only. C) They are easily regulated in terms of hazards or merchantability. D) Since they are paper, they cannot be easily manipulated by their issuers.
The volatility index (VIX)
A. is derived from stock valuations. B. combines stocks and call options. C. combines bonds and put options. D. is derived from put and call index options.
Which of the following is not a way for a country to use IFRS?
A. Adopt IFRS as that country's national GAAP. B. Require foreign companies listed on that country's stock exchange to use IFRS for consolidated financial statements. C. Permit its domestic companies listed on that country's stock exchange to use IFRS. D. Allow foreign companies listed on that country's stock exchange to use IFRS. E. All of these answer choices are correct.