Arthur is a shareholder of Rowson, Inc He has evidence to suggest that its president/CEO has allowed the corporation to engage in acts that are ultra vires. Based upon this evidence, Arthur contacts an attorney and sues the corporation on behalf of the corporation. The lawsuit Arthur has filed is known as:
a. a direct suit.
b. a derivative suit.
c. a class action suit.
d. an unauthorized suit.
b
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All changes in all stockholders' equity accounts must be shown in the Stockholders' Equity section of the balance sheet
a. True b. False Indicate whether the statement is true or false
At the ________ stage of the buying process, a sale can be made or lost so it is crucial to understand the needs of the different people involved with making the purchase decision
A) determining the characteristics B) establishing specifications C) search for and qualify potential suppliers D) request proposals
For many products and services, the value of owning them increases as the number of owners increases. This is the concept of:
A) trialability. B) relative advantage. C) observability. D) network externalities.
Which of the following activities is a manager likely to carry out everyday?
A) Establishing selling prices for products B) Ensuring quality of products produced C) Estimating overhead costs to be incurred D) Preparing financial statements for a period