As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corporation, his liability would be limited to

A) his ownership percentage of the actual loss.
B) the amount of his investment.
C) nothing at all.
D) what is left after selling the stock and subtracting the debt.


Answer: B

Business

You might also like to view...

Two adjustments are made to the merchandise inventory account on the work sheet

a. True b. False Indicate whether the statement is true or false

Business

Among individual characteristics, which of the following is considered a variable within an individual’s control?

a. gender b. culture c. age d. locus of control

Business

_____________ can be defined as the regular comprehensive evaluation of the compliance of the firm’s ethical policies and procedures.

a. Social auditing b. Cultural auditing c. Ethical auditing d. Fiscal auditing

Business

Cole helps negotiate purchases and sales for wholesaling organizations in the agricultural industry. He receives goods on consignment from sellers and then uses his expertise to negotiate sales in large markets. His services are in high demand because Cole is especially adept at obtaining the best price possible under market conditions. Cole is most likely a

A. selling agent. B. manufacturers' agent. C. drop shipper. D. commission merchant. E. industrial buyer.

Business