The bylaws of a corporation:
A. usually set up procedures for the holding of shares.
B. usually set out the duties and authority of the officers and the conduct of meetings.
C. do not involve financial matters such as declaring and paying dividends.
D. need not be consistent with state laws or the articles of incorporation.
Answer: B
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Prepare a differential analysis to show whether Advanced Data Manufacturing should drop the desktop product line. Should the desktop product line be dropped? Explain your answer.
Top managers of Advanced Data Manufacturing are alarmed by their operating losses. They are considering dropping the desktop product line. The company accountants have prepared the following analysis to help make this decision.
If the company stops selling the desktop product line, the company will be able to avoid 80% of the fixed manufacturing costs and 100% of the fixed selling and administrative costs.
Which of the following is the focus of push marketing at the maturity stage of the product life
cycle? A) exhibition of product superiority over competitors' offerings B) payment of a minimal fee to retailers to include the product in their store C) familiarization of consumers with product functionality D) product demonstration by company representatives at retailer stores
The US Supreme court has considered punitive damages in some important cases in recent years. The best characterization of its rulings from the below is: The court has:
a. upheld the right of juries to award punitive damages but has limited the amount and basis of such damages based on the due process clause. b. expanded the basis upon which such awards may be based to include negligence as well as gross negligence and intentional torts. c. deferred to the determination of what is appropriate to the state courts based on local customs and social standards and state rights. d. banned the award of punitive damages based on the taking rule of the due process clause if the defendant is corporation.
Hannah is single with no dependents and has a salary of $102,000 for 2018, along with tax exempt interest income of $3,000 from a municipality. Her itemized deductions total $12,600.Required: Compute her taxable income.
What will be an ideal response?