Under the Revised Act, Brafford, a director who is a member of the board that declares an illegal dividend, may be but is not under all circumstances personally liable to the company for the amount that is illegal even if she personally voted for the distribution contrary to the company's charter
a. True
b. False
Indicate whether the statement is true or false
True
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A(n) ________ is a written document that defines the operational and financial objectives of a business over a particular time, and defines how the business plans to accomplish those objectives
A) marketing plan B) business plan C) investment plan D) executive summary E) business overview
Which of the following is geared primarily to corporate professionals?
A) Facebook B) Twitter C) podcasts D) LinkedIn E) blogs
Which of the following is not true regarding the Work-in-Process Inventory account?
a. The Work-in-Process Inventory account accumulates the cost of raw materials transferred to the factory floor. b. The Work-in-Process Inventory account accumulates the cost of direct labor used in production. c. The Work-in-Process Inventory account accumulates the manufacturing overhead costs. d. The Work-in-Process Inventory account accumulates the administrative costs. e. The Work-in-Process Inventory account is credited for the manufacturing costs assigned to the finished units transferred to the finished goods storeroom.
A difficulty associated with the use of advertising by an independent or a chain with few units is the _____
a. high total costs b. long lead time c. high waste in geographic coverage d. low opportunity for computerization