The RMBCA states that "all corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, its:
a. board of directors.".
b. chief executive officer.".
c. officers.".
d. shareholders.".
a
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Corporate sponsorships offer nonprofit organizations the benefits of added revenue and ______ through the company’s promotion of the relationship.
A. increased respect B. corporate freebies C. increased visibility D. improved recruiting
Which of the following is false about the Sarbanes-Oxley Act of 2002?
a. It applies to publicly held companies. b. It will prevent fraud from occurring. c. It emphasizes strong internal control systems as a goal. d. It was motivated by the Enron scandal.
The materiality constraint, as applied to bad debts:
A. Requires that bad debts not be written off. B. Permits the use of the direct write-off method when bad debts expenses are relatively small. C. Requires use of the allowance method for bad debts. D. Requires use of the direct write-off method. E. Requires that expenses be reported in the same period as the sales they helped produce.
________ includes a redefinition of the business concept, reorganization, and the introduction of system-wide changes to increase innovation.
A. Self-renewal B. Innovativeness C. New business venturing D. Proactiveness