A board of directors is debating if a proposed new program falls within the organization’s mission. The board is applying which type of duty?
A. care
B. loyalty
C. obedience
D. investment
C. obedience
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Lasiter Corp reported net credit sales of $2,000,000 and cost of goods sold of $1,400,000 for 2014 . On January 1, 2014, accounts receivable was $250,000 . Amounts owed by customers increased by $20,000 during 2014 . Rounding to two decimal places, what is Lasiter's accounts receivable turnover rate for 2014?
a. 8.33 b. 8.00 c. 7.69 d. 7.41
Public speaking anxiety (PSA) affects what percentage of all speakers?
a. 10–20% b. 30–40% c. 40–80% d. 80–100%
________ occurs when a company sells one or more businesses.
A. Merger B. Acquisition C. Diversification D. Divestiture E. Cooptation
Carlton files a petition in bankruptcy. One of the goals of bankruptcy law with respect to a debtor is to A) encourage the continued use of credit to borrow funds
B) ensure that third parties will continue to guarantee loans. C) provide a fresh start, free from creditors' claims.? D) shield assets from creditors' claims.