Bay City Merchants Corporation has six shareholders, four of whom are members of the same family. All of Bay City's shareholders agree in writing to operate without shareholders' meetings. Under the Revised Model Business Corporation Act, this most likely warrants

a. no penalties or sanctions.
b. the imposition of a fine on Bay City.
c. the imprisonment of Bay City's shareholders.
d. the piercing of Bay City's corporate veil.


A

Business

You might also like to view...

Francis noticed that Zoe was not producing as many cakes as her coworkers. Zoe explained that she felt her coworkers were getting the best clients. Francis deduced that Zoe’s inability to produce as many cakes was due to ______.

A. internal attributions B. internal features C. external attributions D. exterior characteristic

Business

Crocetti Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:   Budgeted selling price per unit$121Budgeted unit sales (all on credit):    January 7,000  February 7,500  March 11,900  April 14,900Credit sales are collected:  40% in the month of the sale  60% in the following monthThe budgeted accounts receivable balance at the end of February is closest to:

A. $605,000 B. $363,000 C. $544,500 D. $907,500

Business

Answer the following statement(s) true (T) or false (F)

1. Most OD practitioners rightly consider the intervention to be the heart of the consulting engagement and the point at which change usually becomes the overt objective. 2. Action planning is devising an appropriate intervention strategy to address the organization’s problems. 3. There are standard approaches and ways of conducting interventions which allow them to be exactly alike from application to application. 4. The deeper the intervention, the more personal risk and uncertainty is involved. 5. Building new skills or clarifying roles are examples of deep-level interventions.

Business

A professor at a local university noted that the grades of her students were normally distributed with a mean of 78 and a standard deviation of 10. a. The professor has informed us that 16.6% of her students received grades of A. What is the minimum score needed to receive a grade of A?

b. If 12.1% of her students failed the course and received an F, what was the maximum score among those who received an F? c. If 33% of the students received grades of B or better (i.e., an A or B), what is the minimum score of those who received a B?

Business