Which of the following best describes the purpose of articles of incorporation?
A. They govern the operations of partnerships in the absence of other expressed agreements.
B. They provide for protection of limited liability for shareholders.
C. They are the instruments by which a corporation is formed.
D. They combine the advantages of a corporation with the benefits of a partnership.
Answer: C
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The acronym EFT stands for ______________________________
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Mesquite, Inc is ordering a new machine to be used in its manufacturing facility. Which of the following events would trigger the recognition of the machine and related liability on Mesquite's books?
A) The company generates a purchase order. B) A technician installs the machine on the floor of the manufacturing facility. C) The company receives the machine. D) The company pays the bill from the supplier.
The outsourcing decision is also referred to as a "make-or-buy" decision
Indicate whether the statement is true or false
Contracts involving fraud in the inception are void
Indicate whether the statement is true or false