A basic principle of corporation law is that:

A. majority rule applies to both shareholder and director action.
B. shareholders are given the authority to manage the business.
C. shareholders are not free to dispose of their shares by gift.
D. there is an established market for the stock.


Answer: A

Business

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Stella, age 38, is single with no dependents. The following information was obtained from her personal records for the 2019 year. Salary$30,000 Interest income7,000 Alimony received12,000 Individual retirement account contribution2,000 Home mortgage interest expense4,000 Property taxes2,000 Personal casualty loss in a Federal disaster area           (after the $100 floor)38,000 Stolen investment property16,000 ? Based on this information, what is Stella’s net operating loss for 2019?

A. $0 B. ($7,200) C. ($8,300) D. ($13,000) E. None of these.

Business

______ that provide appropriate rewards and feedback, and that encourage a collaborative environment, tend to possess a more creative culture.

A. Organizations B. Work groups C. Coordinators D. Supervisors

Business

J.D. Powers' surveys of customer satisfaction are a popular example of syndicated research.

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

Business

You work in the marketing department of Unilever. Unilever recently announced that it was going to delete certain brands that were no longer meeting profit expectations. You are part of the team to help in this product deletion process. You and your team get together to discuss a brand of soap that has seen sales decrease in recent years. The team discusses how you should delete the product. Each of you writes down comments regarding your thoughts about the brand. The comments can be summed up as follows:  "The brand is not doing well, but it still has a loyal following among some consumers." "I think this brand still has some strengths left." Based on these comments, which product deletion strategy should the company adopt?

A. Phase-out B. Drop-down C. Run-out D. Immediate drop E. Close-out

Business