Under the revised Model Business Corporation Act, ________.
A. the filing of the articles of incorporation, evidenced by the return of the copy stamped by secretary of state, is conclusive proof of incorporation
B. managers will be released from any liability in excess of their initial investment
C. the issuance of the certificate of incorporation is conclusive proof of incorporation to the corporate status, except a quo warranto action brought by the secretary of state
D. liability will never be imposed on promoters who participated in management and policy decisions
Answer: A
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Employees that assist with administrative work at all levels of the firm are called:
A) data workers. B) knowledge workers. C) operational management. D) service workers. E) senior managers.
When raw materials are placed into production, the materials inventory account is debited
Indicate whether the statement is true or false
In a perfectly competitive labor market:
A. Employees can never be paid below a subsistence level (i.e., they will always be able to make enough money to survive). B. No one can be made better off without making someone else worse off. C. Employers can never make so little profit that they go out of business. D. Both employer and workers will make enough money to survive.
The obligation of a company's directors to manage the corporation for the best interest of the __________ is recognized as the primary obligation of directors of a corporation
a. corporation b. officers c. employees d. community