Under the Model Business Corporation Act, a shareholder may ask a court to dissolve a corporation when:
A. a corporation uses assets for public welfare.
B. directors are in conflict, their deadlock cannot be broken by shareholders, and the corporation faces ruin.
C. creditors are acting unfairly or illegally.
D. directors are maintaining registered agents without the approval of the shareholders.
Answer: B
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Which of the following accounts is not included in the calculation of net income?
A. Rent revenue. B. Rent expense. C. Wages expense. D. Services revenue. E. Cash.
The element of perceived risk that relates to how friends and relatives view the purchase of a good or service is _____ risk
a. social b. physical c. performance d. psychological
____ costs typically represent a much higher percentage of product costs than direct labor
A) Value-added B) Activity C) Overhead D) Consumption E) Assembly
Reinvestment risk is the risk that
A) a bond's value may fall in the future. B) a bond's future coupon payments may have to be invested at a rate lower than the bond's yield to maturity. C) an investor's holding period will be short and equal in length to the maturity of the bonds he or she holds. D) a bond's issuer may fail to make the future coupon payments and the investor will have no cash to reinvest.