Sales commissions are an example of:
A. unit-level activities.
B. product-level activities.
C. batch-level activities.
D. facility-level activities.
Answer: A
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Which of the following is true about par value of common stock?
A) Par value represents the minimum price at which shares of stock can be traded after they are initially issued. B) Corporations often set a high par value in order to increase the attractiveness of their stock. C) It is a determinant of the market value of the shares. D) It is usually the initial offering price of shares. E) The concept of par value has been eliminated in the Revised Model Business Corporation Act.
According to the Delaware Supreme Court, when does the role of a director shift from being a "protector of the corporate bastion" to being an "auctioneer" charged with obtaining the highest realizable short-term value for the shareholders?
a. Only when the breakup of the corporation or a change of control has become inevitable b. Whenever a yearly loss is reflected c. At the point that a yearly loss has been reflected for three straight years d. When the CEO and the board of directors are in disagreement, and there has also been a yearly loss reflected for three straight years
Mountainside Coffee Company and Nature's Cuisine, Inc, enter into a contract for a sale of coffee beans. The contract includes the term "F.O.B. Ocean City," which is the location of Nature's Cuisine. This means that the contract is A) a bill of lading
B) a destination contract. C) ashipment contract. D) a warehouse receipt.
After filing for a provisional patent, how long do you have before developing the idea into a working prototype?
a. 1 year b. 2 years c. 3 years d. 4 years