Why in general do financial managers make financial decisions in a corporation, rather than the owners making these decisions themselves?
A) It is best for the control of the finances of a corporation to be in the hands of a disinterested third party.
B) The interests of the various owners may conflict with each other.
C) The owners may not be U.S. citizens or residents.
D) There are often many owners, and they can often change as they buy and sell stock.
Answer: D
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Which of the following excerpts from a sales message is an example of the social proof technique?
A) Act now! Our special limited time offer expires soon! B) Did you know that our product has almost twice the computing power of the other handheld devices available today? C) Be the envy of your friends and coworkers by purchasing this first-generation product today. D) This device gives you the functionality of a laptop and the portability of a PDA. E) Several Fortune 500 companies have purchased over 200,000 of these devices for their top executives.
Which of the following would not be a cash flow from financing activities?
A. Repayment of principal on bonds payable B. Payment of a cash dividend C. Payment of interest on bonds payable D. Borrowing on a long-term note payable
In the case of Estate of Countryman v. Farmers Cooperative Association discussed in the text, the plaintiffs attempted to hold a member who owned 95% of an LLC personally liable as the LLC's manager, after propane gas delivered by the LLC exploded. How did the court rule?
a. That only the LLC could be held liable. b. That the manager was subject to personal liability along with the LLC regardless of whether it could be established that the manager participated in tortious conduct in performing his duties. c. That only the manager, not the LLC, could be held liable. d. The manager was not shielded from personal liability if he participated in tortious conduct while performing his duties.
Which of the following is NOT part of a mediator's job:
a. collecting information b. outlining key issues c. encouraging compromise d. discussing options e. all of the other specific choices are part of a mediator's job