________ is a basic restriction governing the transferability of shares in a close corporation.
A. Piercing the veil
B. Right of first refusal
C. Quo warranto
D. Ultra vires
Answer: B
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The term "prime cost" refers to
a. all manufacturing costs incurred to produce units of output. b. all manufacturing costs other than direct labor and raw material costs. c. raw material purchased and direct labor costs. d. the raw material used and direct labor costs.
Any violation of Section 2 of the Sherman Act constituting a conspiracy to monopolize would also constitute a violation of Section 1
a. True b. False Indicate whether the statement is true or false
A contract entered into by an intoxicated person is never valid
Indicate whether the statement is true or false
Little, Inc. paid a 20 percent stock dividend. Prior to the dividend, the stock's price was $50 a share. Immediately after the dividend, the price will
A) increase to $60.00 a share. B) decrease to $40.00 a share. C) decrease to $41.67 a share. D) do nothing in particular because of the dividend.