Define a corporation.
What will be an ideal response?
A corporation is a business chartered by the state to do business as a legal person in a certain form of organization. It is owned by shareholders who have stock in the business. They vote to elect the board of directors who legally run the business but who often hire managers to be in charge of day-to-day business operations. In large corporations, few shareholders sit on the board of directors or are managers of these businesses, and thus ownership is usually separate from resource control.
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If a firm utilizes debt financing, an X% decline in earnings before interest and taxes (EBIT) will result in a decline in earnings per share that is larger than X.
Answer the following statement true (T) or false (F)
When communicating with e-mail messages, you should never:
A. be too brief. B. use all capital letters. C. use friendly closings. D. use salutations. E. include subject headings.
If you discover that someone has stolen your checks, you should
A) issue an immediate stop payment for each check. B) purchase account insurance to avoid potential losses. C) inform the bank and open a new account. D) do nothing.
A bond, which guarantees the performance of the terms of a contract, is a(n):
a. judicial bond. b. official bond. c. performance bond. d. fidelity bond.