Ev-R-Green Co, a private corporation, decides to sell substantially all of the company's assets. Under the Model Act and many state statutes
a. the sole remedy for dissenting shareholders is to sell their stock on the stock exchange.
b. the board must first get unanimous shareholder approval for this fundamental change.
c. Ev-R-Green must buy back, at fair value, the stock of any shareholders who object to the decision.
d. the company may buy back, at fair value, the stock of any shareholders who object to the decision or the shareholders who object may receive the right of first refusal to purchase corporate assets.
c
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Setting up a booth at a minor league baseball game or July 4th street celebration to sell a related product is an example of:
A) traditional advertising B) lifestyle marketing C) advocate programs D) billboards
Which of the following is the best example of an organizational buyer?
A. a botanist buying a rose bush for his home garden B. a store owner buying hand-painted slate signs to sell in her store C. a mother buying milk for her young son D. a computer programmer buying the latest game for his Xbox E. a parent buying a softball glove for a daughter
The revenue recognition concept
A) is in not in conflict with the cash method of accounting B) determines when revenue is credited to a revenue account C) states that revenue is not recorded until the cash is received D) controls all revenue reporting for the cash basis of accounting
The buyer of a listed American option has which of the following rights?
I. the right to change the expiration date II. the right to change the strike price III. the right to resell the option IV. the right to let the option expire unexercised A) I and III only B) III and IV only C) I, III and IV only D) II, III and IV only