These are outside directors who do not have business dealings with a corporation that would impair their impartiality.
A. Intermediate directors
B. Independent directors
C. Internal directors
D. International directors
Answer: B. Independent directors
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Which of the following is true of a stock dividend?
A. Reduces a corporation's assets and stockholders' equity. B. The decision to declare a stock dividend resides with the shareholders. C. Transfers a portion of equity from retained earnings to a cash reserve account. D. It is a liability on the balance sheet. E. Does not affect total equity, but transfer amounts between the components of equity.
Carlos borrowed $100 from his friend, Juanita. Carlos signed a handwritten note stating, "I promise to pay $100 to the order of Juanita." Under these circumstances, the note is ________.
A. negotiable because it meets all the requirements for negotiability B. not negotiable because it does not acknowledge the reason for the debt C. negotiable because it is a simple contract D. not negotiable because it does not state the time payment is due
Lifebelt Insurance sells insurance only through its door-to-door salespeople. What type of marketing channel does Lifebelt use?
A) inclusive B) multitiered C) indirect D) direct E) selective
A regular order is characterized by _____
a. the use of opportunistic buying by a discounter b. a high degree of negotiation on an ongoing basis c. a high level of opportunistic buying d. a uniform contract with standardized terms