A(n) ________ is an action brought by a shareholder on behalf of the shareholder and his or her entire class of shareholders against the corporation stemming from a cause of action belonging personally to the shareholder and the class the shareholder represents.
A. derivative action
B. class action
C. representative action
D. individual shareholder action
C. representative action
You might also like to view...
Discuss the functions of any two preliminary parts of a report.
What will be an ideal response?
________ is an antitrust principle which says that two or more persons can petition the executive, legislative, or judicial branch of the government or administrative agencies to enact laws or take other action without violating antitrust laws
A) Noerr doctrine B) Colgate doctrine C) Nolo contendere D) Small company doctrine
At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $330,000 and Total Liabilities of $25,500 and Total Paid-in capital of $102,000. During the year, the company reported total revenues of $391,000 and expenses of $302,500. Also, dividends during the year totaled $78,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:
A. $210,000. B. $213,000. C. $207,000. D. $334,500. E. $288,000.
Renee has returned a dress because when she tried it on at home, she decided she did not like the way it fit. This is an example of consumer misbehavior.
Answer the following statement true (T) or false (F)