Who elects the officers of a corporation?
A. the agents
B. the shareholders
C. the incorporators
D. the directors
Answer: D
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Economic value added is synonymous with shareholder wealth created by an investment center
Indicate whether the statement is true or false
Under the Statutory Close Corporation Supplement to the MBCA, a close corporation may operate without a board of directors
a. True b. False Indicate whether the statement is true or false
Which of the following is the correct formula for measuring a cost variance?
A) Cost Variance = (Actual Cost + Standard Cost) / Actual Quantity B) Cost Variance = (Actual Cost - Standard Cost) x Actual Quantity C) Cost Variance = (Actual Cost + Standard Cost) + Actual Quantity D) Cost Variance = (Actual Cost - Standard Cost) - Actual Quantity
Life insurance policy reserves
A) are always equal to the policy's cash surrender value. B) are a major asset of life insurance companies. C) are paid to the beneficiary when the insured dies. D) are a major liability of life insurance companies.