Limited liability companies need no formal document to begin operations; an oral agreement can be sufficient
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
During which stage of the consumer decision-making process are evoked sets and evaluative criteria relevant?
A. information search B. purchase decision C. alternative evaluation D. postpurchase evaluation E. problem recognition
In a factoring arrangement, the bank lends the business money using inventory as collateral.
Answer the following statement true (T) or false (F)
Debts that cannot be discharged in bankruptcy include all EXCEPT:
a. alimony. b. income taxes. c. negligence judgments. d. fraud judgments.
Wally and Janice are both managers in a small corporation set up to manufacture sporting goods. They both receive bonuses for any ideas that benefit the company, although Janice's bonus is computed at a lower rate than Wally's because she has been at the company a shorter amount of time. Janice has a great marketing idea that would result in her receiving a bonus of $1,000 . She has it all worked
out on her computer. Unknown to her, one evening after business hours, Wally obtains the information from her computer and submits it himself the next day. He is immediately awarded a bonus of $2,000 for the information. Fortunately for Janice, Sally, a custodian, saw Wally in Janice's office and heard him calling his wife while he was there to brag about his misdoings. Sally informed Blaire, the CEO, of Wally's actions. Which of the following types of justice is involved if Blaire requires that Wally give Janice $1,000? a. Compensatory b. Retributive c. Fair d. Justifiable